Lack of Enquiry at right time, to prejudice Interest of Revenue, invokes Revisionary Jurisdiction u/s 263: ITAT [Read Order]

interest of Revenue - revisionary jurisdiction - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Jabalpur held that, Lack of enquiry at right time, to prejudice interest of Revenue, invokes revisionary jurisdiction under Section 263 of the Income Tax Act. The assessee-individual, Jitendra Rana, did not file his return of income for the relevant year u/s. 139, was on the basis of the Annual…

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