https://www.taxtmi.com/caselaws?id=335342 The Tribunal quashed the Principal Commissioner of Income-tax's order under Section 263, as the Assessing Officer had conducted proper inquiries and taken a plausible view consistent with past assessments. The Tribunal upheld the AO's allowance of tax credit for dividend income under the DTAA and the capitalization of interest expenditure under Section 36(1)(iii), emphasizing the importance of consistency and detailed inquiries before invoking Section 263. en-us Mon, 19 Sep 2016 00:00:00 +0530 Wed, 30 Nov 2016 14:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335342 The Tribunal quashed the Principal Commissioner of Income-tax's order under Section 263, as the Assessing Officer had conducted proper inquiries and taken a plausible view consistent with past assessments. The Tribunal upheld the AO's allowance of tax credit for dividend income under the DTAA and the capitalization of interest expenditure under Section 36(1)(iii), emphasizing the importance of consistency and detailed inquiries before invoking Section 263. Case-Laws Income Tax Mon, 19 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335342