https://www.taxtmi.com/highlights?id=72490 Revision u/s 263 - Disallowance u/s 14A r.w.r 8D - In case, the ld. 1st Appellate Authority forms an opinion that ld. AO has committed an error by not making complete disallowance on all the limbs of Rule 8D, then, he could have issued a notice for enhancement of income by exercising his appellate power. Therefore, this issue ought to have not been taken up in 263 proceeding. The order of ld. Pr. CIT is not sustainable on the first-fold of reasoning given by him. - AT en-us Wed, 11 Oct 2023 10:57:43 +0530 Wed, 11 Oct 2023 10:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72490 Revision u/s 263 - Disallowance u/s 14A r.w.r 8D - In case, the ld. 1st Appellate Authority forms an opinion that ld. AO has committed an error by not making complete disallowance on all the limbs of Rule 8D, then, he could have issued a notice for enhancement of income by exercising his appellate power. Therefore, this issue ought to have not been taken up in 263 proceeding. The order of ld. Pr. CIT is not sustainable on the first-fold of reasoning given by him. - AT Highlights Income Tax Wed, 11 Oct 2023 10:57:43 +0530 https://www.taxtmi.com/highlights?id=72490