https://www.taxtmi.com/caselaws?id=331950 The Tribunal quashed the Commissioner of Income Tax's order passed under Section 263, holding that the Assessing Officer's assessment order was not erroneous or prejudicial to Revenue interests. The appeal by the assessee was allowed, emphasizing that Section 263 cannot be used to dictate inquiry methods to the AO. The Tribunal upheld the allowability of advertisement and publicity expenses and corporate social responsibility expenses, stating that the AO's decisions were reasonable and in accordance with the law. The importance of judicial precedents in expense determination was highlighted. en-us Fri, 29 Jul 2016 00:00:00 +0530 Tue, 06 Sep 2016 13:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331950 The Tribunal quashed the Commissioner of Income Tax's order passed under Section 263, holding that the Assessing Officer's assessment order was not erroneous or prejudicial to Revenue interests. The appeal by the assessee was allowed, emphasizing that Section 263 cannot be used to dictate inquiry methods to the AO. The Tribunal upheld the allowability of advertisement and publicity expenses and corporate social responsibility expenses, stating that the AO's decisions were reasonable and in accordance with the law. The importance of judicial precedents in expense determination was highlighted. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331950