https://www.taxtmi.com/caselaws?id=356330 The Tribunal held that the Commissioner of Income Tax (CIT) was not justified in invoking revisionary jurisdiction under section 263 of the Income Tax Act for the assessment years 2010-11 to 2012-13. The Tribunal found that the Assessing Officer (AO) had properly verified the workings for disallowance under section 14A read with Rule 8D, and had taken a possible view based on detailed enquiries. Consequently, the CIT's order setting aside the assessment order was deemed bad in law, and the appeals for the mentioned assessment years were allowed. en-us Wed, 03 Jan 2018 00:00:00 +0530 Thu, 01 Mar 2018 07:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356330 The Tribunal held that the Commissioner of Income Tax (CIT) was not justified in invoking revisionary jurisdiction under section 263 of the Income Tax Act for the assessment years 2010-11 to 2012-13. The Tribunal found that the Assessing Officer (AO) had properly verified the workings for disallowance under section 14A read with Rule 8D, and had taken a possible view based on detailed enquiries. Consequently, the CIT's order setting aside the assessment order was deemed bad in law, and the appeals for the mentioned assessment years were allowed. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356330