Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]

The Karnataka High Court held that mere inadequacy of an enquiry or insufficiency of material on record can not be a ground to invoke revisional powers under Section 263 of the Income Tax Act, 1961. The assessee, M/s Cyber Park Development is engaged in the business of developing, operating and maintaining infrastructure facilities for software […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3jCkKdQ