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of <h1>Housing project tax deduction u/s80-IB(10) in assessment; s.263 revision blocked where AO took plausible view.</h1> The dominant issue was whether the Commissioner could invoke revisionary jurisdiction under s.263 to disturb an assessment granting deduction under ... Revision u/s 263 - deduction under Section 80IB(10)- HC [2012 (9) TMI 1010 - DELHI HIGH COURT] held it is certainly a debatable issue on which more than one plausible view is reasonably possible and merely because the Assessing Officer has taken one plausible view, it cannot be said that the assessment is erroneous or prejudicial to the interest of the Revenue. Apex court ordered that matters are de-tagged. Leave granted. The Supreme Court de-tagged SLP(C) No. 33975/2013 and SLP(C) No. 19159/2014. Leave was granted, and a rejoinder affidavit should be filed within four weeks for other matters, to be notified on 01.12.2014.
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