https://www.taxtmi.com/caselaws?id=65370 The Tribunal allowed the appeal of the assessee and canceled the CIT's order under Section 263. It concluded that the CIT was not justified in restoring the matter back to the AO for re-examination. The order of the AO was deemed not erroneous or prejudicial to the interest of Revenue, and the historical practice of treating expenditure on dies and molds as revenue expenditure was upheld. en-us Fri, 09 Dec 2005 00:00:00 +0530 Tue, 15 Feb 2011 12:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65370 The Tribunal allowed the appeal of the assessee and canceled the CIT's order under Section 263. It concluded that the CIT was not justified in restoring the matter back to the AO for re-examination. The order of the AO was deemed not erroneous or prejudicial to the interest of Revenue, and the historical practice of treating expenditure on dies and molds as revenue expenditure was upheld. Case-Laws Income Tax Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65370