Jayanta Kumar Jena Versus Income-tax Officer - Income Tax - ITAT CUTTACK - Tri - Jurisdiction u/s 263 Held that - There is no finding in the order under section 263 as to how the assessment order u/s 147 is erroneous and prejudicial to the interests of the Revenue - The defect for assumption of jurisdiction in so far as all the materials were available to the AO which in the audited financial statements were verified - The doubts in the mind of the learned CIT to issue show-cause notice after ................................... Income Tax - Case Laws
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