The Assessment order was revised by the Commissioner on the ground that the Assessing Officer has not properly verified in the course of assessment proceedings. On appeal the Tribunal affirmed the order of the Commissioner. On appeal High Court affirmed the order of the Tribunal. (AY. 2017-18)
Hemalatha Rajan v. Dy. CIT (2025) 302 Taxman 229 (Mad.)(HC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Cash credits-Cash deposit-Demonetisation-Revision is held to be justified. [S. 68, 143 (3), 260A]
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