Revision under section 263 is not to set aside merely unfavourable orders and bring to tax some more money to the treasury-ITAT
April 20, 2016
Income Tax, ITAT, Judgments
In a recent judgment, ITAT Delhi has interpreted the objective and scope of invoking revisionary powers of Commissioner of Income Tax (CIT) under section 263 of the Income Tax Act, 1961 as under: The provisions of section 263 cannot be invoked to correct each and every type of …