corporate and professional update december 9, 2015
CORPORATE AND PROFESSIONAL UPDATE DECEMBER 9, 2015 DIRECT TAXES: 1. Revision u/s 264 in favor of assessee – the appeal of the Assessee has not been disposed on merits. In view of this there was no bar to the CIT in exercising jurisdiction u/s.264 – the embargo imposed in Sec. 264 that there should be …