https://www.taxtmi.com/caselaws?id=226224 The Tribunal held that the Commissioner's revision of the assessment order under Section 263 was improper. The Assessing Officer's decision not to add the amount claimed as a bogus refund to income was considered reasonable since it was not treated as expenditure during income computation. The Tribunal found no justification to add the amounts claimed as refunds for the years in question, distinguishing them from other assessment years where similar claims were added to income. The High Court dismissed the appeals for the Assessment Years 2000-01 and 2001-02. en-us Tue, 26 Mar 2013 00:00:00 +0530 Mon, 22 Apr 2013 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226224 The Tribunal held that the Commissioner's revision of the assessment order under Section 263 was improper. The Assessing Officer's decision not to add the amount claimed as a bogus refund to income was considered reasonable since it was not treated as expenditure during income computation. The Tribunal found no justification to add the amounts claimed as refunds for the years in question, distinguishing them from other assessment years where similar claims were added to income. The High Court dismissed the appeals for the Assessment Years 2000-01 and 2001-02. Case-Laws Income Tax Tue, 26 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226224