https://www.taxtmi.com/caselaws?id=330315 The High Court upheld the Tribunal's decision, emphasizing the importance of a sustainable view by the Assessing Officer and dismissing the appeal by the revenue. The Court found that the Assessing Officer's decisions on the claims were plausible and did not warrant revisionary powers under section 263 of the Income Tax Act. The Court referred to relevant case law to support its conclusion that no substantial question of law arose from the Tribunal's decision. en-us Mon, 04 Apr 2016 00:00:00 +0530 Fri, 22 Jul 2016 14:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330315 The High Court upheld the Tribunal's decision, emphasizing the importance of a sustainable view by the Assessing Officer and dismissing the appeal by the revenue. The Court found that the Assessing Officer's decisions on the claims were plausible and did not warrant revisionary powers under section 263 of the Income Tax Act. The Court referred to relevant case law to support its conclusion that no substantial question of law arose from the Tribunal's decision. Case-Laws Income Tax Mon, 04 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330315