https://www.taxtmi.com/caselaws?id=273066 The High Court allowed the appeal in favor of the assessee regarding the tax exemption claim on consultancy fees earned outside India. The Court upheld the Appellate Commissioner's determination that the consultancy fees were not taxable as they were earned outside India. It was held that the revisional order under Section 263 was without jurisdiction as the initial order was not prejudicial to the revenue's interest. The Court emphasized the finality of factual findings and limitations on revisional powers under the Act, ruling in favor of the assessee on all issues. en-us Tue, 17 Nov 2015 00:00:00 +0530 Sat, 02 Jun 2018 11:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273066 The High Court allowed the appeal in favor of the assessee regarding the tax exemption claim on consultancy fees earned outside India. The Court upheld the Appellate Commissioner's determination that the consultancy fees were not taxable as they were earned outside India. It was held that the revisional order under Section 263 was without jurisdiction as the initial order was not prejudicial to the revenue's interest. The Court emphasized the finality of factual findings and limitations on revisional powers under the Act, ruling in favor of the assessee on all issues. Case-Laws Income Tax Tue, 17 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273066