https://www.taxtmi.com/caselaws?id=121634 The Tribunal set aside the CIT's order under section 263 of the Income-tax Act, 1961, concluding that the issues regarding the deduction under section 10B and the capitalization of project expenses were debatable. The Assessing Officer (AO) had followed one of the possible views in both matters, and thus, the original order was not erroneous or prejudicial to the interests of the Revenue. Consequently, the assessee's appeal was allowed, and the stay application was dismissed as infructuous. en-us Fri, 16 Jan 2009 00:00:00 +0530 Thu, 23 Nov 2023 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121634 The Tribunal set aside the CIT's order under section 263 of the Income-tax Act, 1961, concluding that the issues regarding the deduction under section 10B and the capitalization of project expenses were debatable. The Assessing Officer (AO) had followed one of the possible views in both matters, and thus, the original order was not erroneous or prejudicial to the interests of the Revenue. Consequently, the assessee's appeal was allowed, and the stay application was dismissed as infructuous. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121634