https://www.taxtmi.com/caselaws?id=218532 The Tribunal allowed the appeal filed by the software development company, quashing the CIT's order under Section 263 of the IT Act. The Tribunal held that the AO's decision to not exclude foreign travel expenses from export turnover was plausible and consistent with judicial interpretations. It emphasized that the CIT could not substitute his view for that of the AO under Section 263. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 19 Nov 2012 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218532 The Tribunal allowed the appeal filed by the software development company, quashing the CIT's order under Section 263 of the IT Act. The Tribunal held that the AO's decision to not exclude foreign travel expenses from export turnover was plausible and consistent with judicial interpretations. It emphasized that the CIT could not substitute his view for that of the AO under Section 263. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218532