Genesis of Revision order of CIT U/s 264 of IT Act 1961

CA, CPA (USA) Shikhar Garg , Last updated: 05 January 2022  
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Section 264of the Income Tax Act provides, Powers to the Commissioner of Income Tax (CIT) to exercise the order in favour of the assessee. Order passed under this section, cannot be overall prejudicial to the assessee. Meaning thereby, CIT can increase the income under one head and decrease in anoth

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CA, CPA (USA) Shikhar Garg
(CA practice )
Category Income Tax   Report

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