Revision under Section 263 Invalid When Assessing Officer Enquired and Applied Mind on MAT Adjustments
Revision under Section 263 Invalid When Assessing Officer Enquired and Applied Mind on MAT Adjustments Issue Whether the Principal Commissioner of Income Tax (PCIT) can invoke revisionary jurisdiction under Section 263 merely to order further inquiries when the Assessing Officer (AO) has already conducted adequate inquiries and applied his mind to MAT adjustments during assessment… Read More »