https://www.taxtmi.com/highlights?id=75979 Revision u/s 263 - as per CIT AO has not examined increase in share capital - The Tribunal noted that the AO had indeed accepted the correct balance sheet filed during the assessment proceedings, and the discrepancies between the original and rectified balance sheets were duly explained by the assessee. Therefore, the assessment order was held to be neither erroneous nor prejudicial to the interests of revenue due to the thorough verification conducted by the AO. en-us Fri, 22 Mar 2024 10:01:11 +0530 Fri, 22 Mar 2024 10:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75979 Revision u/s 263 - as per CIT AO has not examined increase in share capital - The Tribunal noted that the AO had indeed accepted the correct balance sheet filed during the assessment proceedings, and the discrepancies between the original and rectified balance sheets were duly explained by the assessee. Therefore, the assessment order was held to be neither erroneous nor prejudicial to the interests of revenue due to the thorough verification conducted by the AO. Highlights Income Tax Fri, 22 Mar 2024 10:01:11 +0530 https://www.taxtmi.com/highlights?id=75979