https://www.taxtmi.com/caselaws?id=3476 The appeal and writ petition were dismissed. The compensation of Rs. 30 lakhs was not allowed as a deduction in the assessment year 2001-02. The Commissioner under Section 264 could not consider the deduction claim for the first time in revision proceedings for the assessment year 2002-03. en-us Mon, 31 Dec 2007 00:00:00 +0530 Mon, 28 Jul 2008 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3476 The appeal and writ petition were dismissed. The compensation of Rs. 30 lakhs was not allowed as a deduction in the assessment year 2001-02. The Commissioner under Section 264 could not consider the deduction claim for the first time in revision proceedings for the assessment year 2002-03. Case-Laws Income Tax Mon, 31 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3476