Delhi HC upholds CIT’s Decision to Revise Assessment Due to AO’s Failure to Verify Dishonored Cheques [Read Order]

The High Court dismissed the appeal, affirming the validity of Section 263's invocation without any substantial question of law
By Sneha Sukumaran Mullakkal - On October 10, 2024 10:56 am - 2 mins read
Income Tax - Delhi High Court - AO failure cheques case - TAXSCAN

In the recent ruling, the Delhi High Court ,upheld the decision of the Principal Commissioner of Income Tax ( CIT ) to revise the assessment due to the Assessing Officer’s ( AO ) failure to verify dishonored cheques. M.R. Apparels Private Limited, the appellant-assessee, had appealed under Section 260A of the Income Tax Act, 1961,…

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