https://www.taxtmi.com/caselaws?id=217022 The Tribunal allowed the appeal filed by the assessee and dismissed the miscellaneous petition. The revision order passed under section 263 was set aside as the inapplicability of section 14A for the relevant assessment year and the lack of evidence supporting the disallowance of expenditure related to exempt income rendered the order unsustainable. The Tribunal clarified the Commissioner's jurisdiction to revise assessment orders, emphasizing that an order under section 143(1) is limited to arithmetic processing and cannot determine final assessment correctness. en-us Tue, 10 Jul 2012 00:00:00 +0530 Fri, 28 Sep 2012 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217022 The Tribunal allowed the appeal filed by the assessee and dismissed the miscellaneous petition. The revision order passed under section 263 was set aside as the inapplicability of section 14A for the relevant assessment year and the lack of evidence supporting the disallowance of expenditure related to exempt income rendered the order unsustainable. The Tribunal clarified the Commissioner's jurisdiction to revise assessment orders, emphasizing that an order under section 143(1) is limited to arithmetic processing and cannot determine final assessment correctness. Case-Laws Income Tax Tue, 10 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217022