https://www.taxtmi.com/caselaws?id=342520 The High Court of Bombay ruled in favor of the appellant-assessee, a public sector undertaking, in a case involving the jurisdiction under Section 263 of the Income Tax Act regarding a Corporate Social Responsibility claim. The Court held that the Commissioner's invocation of Section 263 was unwarranted as the Assessing Officer had adequately considered and allowed the claim, despite it not being explicitly mentioned in the assessment order. The Court emphasized the sufficiency of the appellant's response and overturned the Tribunal's decision, ultimately quashing the orders of both the Commissioner and the Tribunal. en-us Wed, 26 Apr 2017 00:00:00 +0530 Wed, 30 Aug 2017 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342520 The High Court of Bombay ruled in favor of the appellant-assessee, a public sector undertaking, in a case involving the jurisdiction under Section 263 of the Income Tax Act regarding a Corporate Social Responsibility claim. The Court held that the Commissioner's invocation of Section 263 was unwarranted as the Assessing Officer had adequately considered and allowed the claim, despite it not being explicitly mentioned in the assessment order. The Court emphasized the sufficiency of the appellant's response and overturned the Tribunal's decision, ultimately quashing the orders of both the Commissioner and the Tribunal. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342520