Income Tax Act - Section 263: Delhi High Court Sets Aside CIT's Revision Order in Clix Finance India Case

Income Tax Act - Section 263: Delhi High Court Sets Aside CIT's Revision Order in Clix Finance India Case In a significant development, the Delhi High Court recently rendered a judgment in the case of Pr. Commissioner of Income Tax -2, Delhi versus M/S Clix Finance India Pvt. Ltd. The case, labeled as ITA 1428/2018, revolved around the revision order passed under Section 263 of the Income Tax Act, 1961…