Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

PCIT's directive to AO u/s 263 on turnover mismatch deemed unsustainable due to lack of specified errors.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Revision u/s 263 - turnover mismatch - assessee explained that If, you add back sales turnover and interest income, then there would be no difference in turnover reported in its audit report - this fact has been accepted by the PCIT, but direction to the AO to verify without pointing out, how the order passed by the AO is erroneous, in so far as, it is prejudicial to the interest of the revenue is not sustainable....