https://www.taxtmi.com/highlights?id=69831 Revision u/s 263 by CIT - As per PCIT AO fails to examine the issue on increase in share premium in light of provisions of section 56(2)(vii), although, the assessee has made huge cash deposits during demonetization period, the AO has not verified the issue in light of SOP issued by CBDT for verification - Revision proceedings sustained - AT en-us Thu, 18 May 2023 08:37:59 +0530 Thu, 18 May 2023 08:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69831 Revision u/s 263 by CIT - As per PCIT AO fails to examine the issue on increase in share premium in light of provisions of section 56(2)(vii), although, the assessee has made huge cash deposits during demonetization period, the AO has not verified the issue in light of SOP issued by CBDT for verification - Revision proceedings sustained - AT Highlights Income Tax Thu, 18 May 2023 08:37:59 +0530 https://www.taxtmi.com/highlights?id=69831