https://www.taxtmi.com/caselaws?id=238239 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT's order under section 263 of the Income-tax Act. The Tribunal determined that the CIT's revision of the assessment order on grounds not included in the show cause notice was impermissible, citing various judicial precedents. Additionally, the Tribunal found that the CIT failed to identify specific expenditures as capital in nature and that the Assessing Officer had already conducted inquiries into the nature of the expenses. Consequently, the CIT's order was deemed legally unsustainable, resulting in the appeal being allowed. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 18 Oct 2013 22:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238239 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT's order under section 263 of the Income-tax Act. The Tribunal determined that the CIT's revision of the assessment order on grounds not included in the show cause notice was impermissible, citing various judicial precedents. Additionally, the Tribunal found that the CIT failed to identify specific expenditures as capital in nature and that the Assessing Officer had already conducted inquiries into the nature of the expenses. Consequently, the CIT's order was deemed legally unsustainable, resulting in the appeal being allowed. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238239