AO passed the order by making certain addition. CIT passed a revisional order under on ground that AO had failed to carry out proper inquiries with respect to assessee’s on money receipt. Tribunal set aside the order of the CIT. High Court upheld Tribunal’s order. (AY. 2010-11)
PCIT v. Shree Gayatri Associates (2019) 263 Taxman 673 (Guj.)(HC) Editorial : SLP of revenue is dismissed , PCIT v. Shree Gayatri Associates (2019) 263 Taxman 672 (SC)
S. 263 : Commissioner-Revision of orders prejudicial to revenue–On money-Order passed by the AO after detailed enquiries-Revision is held to be bad in law. [S. 69]
Give full text of Supremecourt order, otherwise this halfhearted order is useless, pl dont do this
Full text of Supreme Court order is solicited, otherwise don’t publish the hslfhearted order.