https://www.taxtmi.com/caselaws?id=186287 The Tribunal quashed the CIT's order under section 263, emphasizing the necessity of correctly excluding communication expenses from export turnover for deduction under section 10A. The Tribunal held that the AO's order must be both erroneous and prejudicial to revenue for section 263 to apply, and in this case, the CIT was not justified in invoking it. The order was set aside for proper computation of expenses for export turnover, highlighting the importance of accurate deduction calculations. en-us Fri, 31 Oct 2008 00:00:00 +0530 Tue, 13 Sep 2016 15:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186287 The Tribunal quashed the CIT's order under section 263, emphasizing the necessity of correctly excluding communication expenses from export turnover for deduction under section 10A. The Tribunal held that the AO's order must be both erroneous and prejudicial to revenue for section 263 to apply, and in this case, the CIT was not justified in invoking it. The order was set aside for proper computation of expenses for export turnover, highlighting the importance of accurate deduction calculations. Case-Laws Income Tax Fri, 31 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186287