https://www.taxtmi.com/caselaws?id=277071 The Tribunal quashed the Commissioner of Income Tax's order under Section 263, finding that the Assessing Officer's order was not erroneous and the CIT's action was time-barred. The Tribunal disagreed with the CIT's interpretation of Section 80AB, stating that the issue was debatable. It held that when two views are possible, the CIT cannot invoke Section 263 solely based on a difference in opinion. The appeal of the assessee was allowed. en-us Fri, 28 Jan 2011 00:00:00 +0530 Fri, 23 Nov 2018 15:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277071 The Tribunal quashed the Commissioner of Income Tax's order under Section 263, finding that the Assessing Officer's order was not erroneous and the CIT's action was time-barred. The Tribunal disagreed with the CIT's interpretation of Section 80AB, stating that the issue was debatable. It held that when two views are possible, the CIT cannot invoke Section 263 solely based on a difference in opinion. The appeal of the assessee was allowed. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277071