Business Loss on NPA Sale; Section 263 Cannot Override Binding ITAT Precedent: Nagpur ITAT

Nagpur ITAT quashes Section 263 revision on NPA sale loss, holding the PCIT could not circumvent a binding Tribunal ruling treating it as business loss. The post Business Loss on NPA Sale; Section 263 Cannot Override Binding ITAT Precedent: Nagpur ITAT appeared first on TaxGuru .