Sec 263
This query is : Resolved
25 November 2011
I would like to know whether the CIT can issue notice u/s 263 of I.T. Act on the basis of audit query of the depatment?
27 November 2011
Since the CIT did not exercise upon his judgement, such notice are liable to be quashed before a court of law.
Citation:-
Jeewanlal Ltd Vs. ACIT [1977] 108 ITR 407 [Cal].
Citation:-
Jeewanlal Ltd Vs. ACIT [1977] 108 ITR 407 [Cal].
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