https://www.taxtmi.com/caselaws?id=355721 The Tribunal held that the revision proceedings under Section 263 of the IT Act concerning both land development charges and interest expenditure were invalid and unjustified. The Tribunal found that the Assessing Officer had thoroughly examined the issues, conducted detailed inquiries, and applied due diligence in verifying the claims made by the assessee. As a result, the Tribunal quashed the order passed by the Commissioner of Income Tax, ruling in favor of the assessee. en-us Fri, 19 Jan 2018 00:00:00 +0530 Sat, 17 Feb 2018 06:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355721 The Tribunal held that the revision proceedings under Section 263 of the IT Act concerning both land development charges and interest expenditure were invalid and unjustified. The Tribunal found that the Assessing Officer had thoroughly examined the issues, conducted detailed inquiries, and applied due diligence in verifying the claims made by the assessee. As a result, the Tribunal quashed the order passed by the Commissioner of Income Tax, ruling in favor of the assessee. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355721