[aaykarbhavan] No revision by CIT to deny loss on sale of debentures if AO had allowed such loss after making proper enquiries

No revision by CIT to deny loss on sale of debentures if AO had allowed such loss after making proper enquiries

May 14, 2015[2015] 57 taxmann.com 64 (Jammu & Kashmir)/[2015] 372 ITR 740 (Jammu & Kashmir)

IT: Where Assessing Officer accepted loss declared by assessee on sale of non-convertible debentures after considering books of account and detailed reply submitted to questionnaire issued to assessee, impugned revisional order passed on ground that loss in question was allowed without making proper enquiries, was to be set aside

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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