CORPORATE AND PROFESSIONAL UPDATE JAN 2, 2017
Professional Update for the Day: Direct Tax:- SC dismisses Revenue’s SLP challenging Bombay HC order quashing CIT’s order u/s 263 (revision proceedings) for AYs 2007-08 and 2008-09; CIT (A) had set aside assessment orders due to lack of sufficient enquiries by the AO in respect of the genuineness of the gifts received by the assessee …