Court Rules in Favor of Taxpayer: Mistake in Deduction Section Does Not Affect Revenue Interests, Vacates Section 263 Order.

Court Rules in Favor of Taxpayer: Mistake in Deduction Section Does Not Affect Revenue Interests, Vacates Section 263 Order. https://www.taxtmi.com/highlights?id=35154 Claim for deduction u/s.54 or u/s 54F - , mentioning of the wrong section in the return of income while claiming deduction cannot be considered as prejudicial to the interest of the Revenue - order of CIT u/s 263 vacated - AT en-us Tue, 06 Jun 2017 12:25:18 +0530 Tue, 06 Jun 2017 12:25:18 +0530 TaxTMI RSS Generator Court Rules in Favor of Taxpayer: Mistake in Deduction Section Does Not Affect Revenue Interests, Vacates Section 263 Order. https://www.taxtmi.com/highlights?id=35154 Claim for deduction u/s.54 or u/s 54F - , mentioning of the wrong section in the return of income while claiming deduction cannot be considered as prejudicial to the interest of the Revenue - order of CIT u/s 263 vacated - AT Highlights Income Tax Tue, 06 Jun 2017 12:25:18 +0530 https://www.taxtmi.com/highlights?id=35154