https://www.taxtmi.com/caselaws?id=243591 The Tribunal upheld the CIT's order under section 263, finding the AO's treatment of interest subsidy under the cash system as erroneous and prejudicial to revenue. The Tribunal clarified that the CIT had rightly exercised jurisdiction under section 263, and the appeal was dismissed. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 05 Feb 2014 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243591 The Tribunal upheld the CIT's order under section 263, finding the AO's treatment of interest subsidy under the cash system as erroneous and prejudicial to revenue. The Tribunal clarified that the CIT had rightly exercised jurisdiction under section 263, and the appeal was dismissed. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243591