Revision u/s 263 upheld as cash deposited in bank of investors of share application money
March 29, 2024
Income Tax, ITAT
Revision order u/s 263 upheld as substantial amount of cash was deposited in the bank accounts of all the investors shortly prior to issuance of cheques for share application money In a recent judgment, ITAT has upheld the revision order u/s 263 passed by the PCIT as substantial …