Section 263 Quashed: CIT Cannot Revisit Issues Already Examined by AO

Surat Vankaneri Momin Jamat Trust Vs CIT (ITAT Surat)

Section 263 Quashed: Once AO Examines Source of Property Investment, CIT(E) Can’t Revisit the Issue

Surat ITAT quashed the revisionary order passed u/s 263, holding that where the Assessing Officer has already examined the issue and taken a plausible view, the Commissioner cannot invoke Section 263 merely to conduct furth

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