Setback to DSIIDC: CIT(A) empowered to Revise Assessment Order on failure of AO to make Proper Inquiry, rules ITAT [Read Order]

In a setback to DSIIDC, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the CIT(A) empowered to revise assessment order on failure of Assessing Officer to make proper inquiry. The assessee, DSIIDC Ltd. is a State Corporation. During the year under consideration, the Corporation is acting as a Developing and Collecting agency […]
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