https://www.taxtmi.com/caselaws?id=233430 The Tribunal set aside the Commissioner of Income Tax's order under section 263, upholding the Assessing Officer's assessment order. The Tribunal found that the AO's decisions regarding the deduction under section 80IA and the disallowance of foreign travel expenses were based on possible legal views and consistent methods, not prejudicial to the Revenue's interests. Therefore, the assessee's appeal was allowed. The Tribunal did not delve into the examination of generator guarantee claim receivable and other receivables as the CIT did not provide specific findings on this issue in the impugned order. en-us Wed, 10 Apr 2013 00:00:00 +0530 Mon, 29 Apr 2013 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233430 The Tribunal set aside the Commissioner of Income Tax's order under section 263, upholding the Assessing Officer's assessment order. The Tribunal found that the AO's decisions regarding the deduction under section 80IA and the disallowance of foreign travel expenses were based on possible legal views and consistent methods, not prejudicial to the Revenue's interests. Therefore, the assessee's appeal was allowed. The Tribunal did not delve into the examination of generator guarantee claim receivable and other receivables as the CIT did not provide specific findings on this issue in the impugned order. Case-Laws Income Tax Wed, 10 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233430