https://www.taxtmi.com/highlights?id=73983 Revision u/s 263 - Issue of shares at premium - It is abundantly clear that an enquiry was, indeed, made by the AO with regard to the subject shares being issued at high premium. This was not a case of no enquiry. The PCIT, in our opinion, had committed an error in exercising the powers under Section 263 of the Act. - HC en-us Fri, 05 Jan 2024 10:31:40 +0530 Fri, 05 Jan 2024 10:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73983 Revision u/s 263 - Issue of shares at premium - It is abundantly clear that an enquiry was, indeed, made by the AO with regard to the subject shares being issued at high premium. This was not a case of no enquiry. The PCIT, in our opinion, had committed an error in exercising the powers under Section 263 of the Act. - HC Highlights Income Tax Fri, 05 Jan 2024 10:31:40 +0530 https://www.taxtmi.com/highlights?id=73983