[aaykarbhavan] CIT had rightly made revision as assessee failed to explain reason for storage of physical cash found during survey

CIT had rightly made revision as assessee failed to explain reason for storage of physical cash found during survey

December 18, 2014[2014] 51 taxmann.com 201 (Allahabad)

IT : Where assessee had shown cash in books of account but same was never found and explanation given by it was also not found acceptable, revision proceeding could be initiated under section 263

 

Regards

Prarthana Jalan

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

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