Section 263 revision is unsustainable when AO made enquiries and PCIT raised grounds beyond SCN.
Section 263 revision is unsustainable when AO made enquiries and PCIT raised grounds beyond SCN. Issue Whether the PCIT can validly exercise revisionary powers under Section 263 to set aside an assessment where the AO had already conducted enquiries on unsecured loans, trade payables, and WIP, and where the final revision order proceeded on grounds… Read More »