https://www.taxtmi.com/caselaws?id=220491 The High Court upheld the Tribunal's decision in a tax case involving the interpretation of the limitation period under section 263 of the Income Tax Act for revising orders. The Court found that the Commissioner's order disallowing a deduction under section 80I was time-barred as it exceeded the two-year limitation period from the original assessment order. The Tribunal's decision to dismiss the Commissioner's order was upheld, emphasizing that the issue of deduction under section 80I was not part of the remand proceedings. Consequently, the appeal was dismissed due to the time-barred nature of the Commissioner's order. en-us Tue, 16 Oct 2012 00:00:00 +0530 Fri, 25 Jan 2013 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220491 The High Court upheld the Tribunal's decision in a tax case involving the interpretation of the limitation period under section 263 of the Income Tax Act for revising orders. The Court found that the Commissioner's order disallowing a deduction under section 80I was time-barred as it exceeded the two-year limitation period from the original assessment order. The Tribunal's decision to dismiss the Commissioner's order was upheld, emphasizing that the issue of deduction under section 80I was not part of the remand proceedings. Consequently, the appeal was dismissed due to the time-barred nature of the Commissioner's order. Case-Laws Income Tax Tue, 16 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220491