https://www.taxtmi.com/caselaws?id=203083 The High Court dismissed the appeals regarding the revision of assessment orders under Section 263 of the Income Tax Act. The court found that the Assessing Officer had properly examined the expenditures in question and determined them to be revenue in nature. The Commissioner's intervention was deemed unjustified as it was based on a mere assumption that the expenses could be capital in nature, lacking substantial basis. The court emphasized that as long as the Assessing Officer considered possible views, Section 263 would not apply, ultimately concluding that no legal question arose and dismissing the appeals. en-us Fri, 01 Apr 2011 00:00:00 +0530 Wed, 04 May 2011 07:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203083 The High Court dismissed the appeals regarding the revision of assessment orders under Section 263 of the Income Tax Act. The court found that the Assessing Officer had properly examined the expenditures in question and determined them to be revenue in nature. The Commissioner's intervention was deemed unjustified as it was based on a mere assumption that the expenses could be capital in nature, lacking substantial basis. The court emphasized that as long as the Assessing Officer considered possible views, Section 263 would not apply, ultimately concluding that no legal question arose and dismissing the appeals. Case-Laws Income Tax Fri, 01 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203083