The Income Tax Appellate Tribunal (ITAT) held that the wrong assumption of facts or incorrect application of the law would make the order liable for revision under section 263 of Income Tax Act, 1961. As per the provisions of Section 263 of Income Tax Act, 1961, specific revenue authorities namely Pr. Commissioner of Income Tax […]
The post Wrong Assumption of Facts or Incorrect Application of Law would make the order liable for Revision: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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