https://www.taxtmi.com/caselaws?id=333521 The Tribunal allowed the appeal filed by the assessee against the Commissioner's revision order under Section 263 of the Income Tax Act. The Commissioner contended that the interest income from the Special Economic Zone did not qualify for exemption under Section 10AA. However, the Tribunal found that the issue had been adequately considered by the Assessing Officer and CIT(A), rendering the revision order unsustainable. Citing precedents, the Tribunal quashed the revision order, emphasizing that the assessment order merges with the appellate order, preventing revision in such cases. en-us Wed, 24 Aug 2016 00:00:00 +0530 Mon, 17 Oct 2016 09:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333521 The Tribunal allowed the appeal filed by the assessee against the Commissioner's revision order under Section 263 of the Income Tax Act. The Commissioner contended that the interest income from the Special Economic Zone did not qualify for exemption under Section 10AA. However, the Tribunal found that the issue had been adequately considered by the Assessing Officer and CIT(A), rendering the revision order unsustainable. Citing precedents, the Tribunal quashed the revision order, emphasizing that the assessment order merges with the appellate order, preventing revision in such cases. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333521