Section 263 Revision Cannot Be Invoked When Assessing Officer Adopts Plausible View Accepting Loan Repayment Application
Section 263 Revision Cannot Be Invoked When Assessing Officer Adopts Plausible View Accepting Loan Repayment Application Issue Whether the Commissioner (Exemptions) can invoke revisionary jurisdiction under Section 263 to set aside an assessment order accepting a charitable trust’s claim of loan repayment as an application of income under Section 11, when the Assessing Officer conducted… Read More »