https://www.taxtmi.com/caselaws?id=76946 HC dismissed revenue's appeals, holding the CIT erred in invoking s.263 to cancel the AO's assessment. The ITAT correctly restored the AO's order because the AO had taken a possible view on deductions under ss.80HHC and 80IB(13) read with 80IA(9), applied his mind, and no additional enquiry or facts were required. As the AO's approach was consistent with contemporaneous tribunal precedents, the HC upheld the ITAT's finding that the Commissioner could not exercise revisionary jurisdiction; appeals by revenue dismissed with no order as to costs. en-us Mon, 05 Jul 2010 00:00:00 +0530 Thu, 28 Aug 2025 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76946 HC dismissed revenue's appeals, holding the CIT erred in invoking s.263 to cancel the AO's assessment. The ITAT correctly restored the AO's order because the AO had taken a possible view on deductions under ss.80HHC and 80IB(13) read with 80IA(9), applied his mind, and no additional enquiry or facts were required. As the AO's approach was consistent with contemporaneous tribunal precedents, the HC upheld the ITAT's finding that the Commissioner could not exercise revisionary jurisdiction; appeals by revenue dismissed with no order as to costs. Case-Laws Income Tax Mon, 05 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76946