https://www.taxtmi.com/highlights?id=34534 Revision u/s 263 - deduction u/s. 80IB(10) - AO failed to apply the provisions of section 115JB - CIT was able to demonstrate that the view taken by the AO was not plausible rather it was legally unsustainable and incorrect. Besides it resulted in loss of revenue. Thus both the prerequisites were there when the CIT issued the notice u/s. 263 - AT en-us Thu, 27 Apr 2017 11:44:37 +0530 Thu, 27 Apr 2017 11:44:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34534 Revision u/s 263 - deduction u/s. 80IB(10) - AO failed to apply the provisions of section 115JB - CIT was able to demonstrate that the view taken by the AO was not plausible rather it was legally unsustainable and incorrect. Besides it resulted in loss of revenue. Thus both the prerequisites were there when the CIT issued the notice u/s. 263 - AT Highlights Income Tax Thu, 27 Apr 2017 11:44:37 +0530 https://www.taxtmi.com/highlights?id=34534