https://www.taxtmi.com/caselaws?id=358584 Revision under section 263 is not sustainable where the Assessing Officer has made enquiries, examined replies and records, and adopted a plausible view. On the dividend tax credit claim under the India-Oman DTAA read with section 90, the Tribunal noted detailed questionnaires, consideration of the assessee's explanations, and consistent acceptance in earlier years, so a different view by the Principal Commissioner could not justify revision. On capitalisation of interest and the proviso to section 36(1)(iii), the Tribunal found that fixed assets, work-in-progress, borrowings and accounts were examined, and further inquiry could not by itself support revision. The assessment revision was therefore quashed. en-us Mon, 19 Mar 2018 00:00:00 +0530 Fri, 13 Apr 2018 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358584 Revision under section 263 is not sustainable where the Assessing Officer has made enquiries, examined replies and records, and adopted a plausible view. On the dividend tax credit claim under the India-Oman DTAA read with section 90, the Tribunal noted detailed questionnaires, consideration of the assessee's explanations, and consistent acceptance in earlier years, so a different view by the Principal Commissioner could not justify revision. On capitalisation of interest and the proviso to section 36(1)(iii), the Tribunal found that fixed assets, work-in-progress, borrowings and accounts were examined, and further inquiry could not by itself support revision. The assessment revision was therefore quashed. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358584