https://www.taxtmi.com/caselaws?id=378726 The High Court upheld the Tribunal's decision in a case involving the revisionary jurisdiction of the Commissioner under section 263 of the Income Tax Act. The Court emphasized that the Commissioner could not revise an assessment order when the Assessing Officer had already examined the donation's genuineness. Relying on the Apollo Tyres case, the Court reiterated that audited books of accounts should not be altered while computing book profit. The Court dismissed the appeal, highlighting the importance of adhering to established legal principles and supporting the Tribunal's decision based on factual findings. en-us Mon, 28 Jan 2019 00:00:00 +0530 Sat, 20 Apr 2019 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378726 The High Court upheld the Tribunal's decision in a case involving the revisionary jurisdiction of the Commissioner under section 263 of the Income Tax Act. The Court emphasized that the Commissioner could not revise an assessment order when the Assessing Officer had already examined the donation's genuineness. Relying on the Apollo Tyres case, the Court reiterated that audited books of accounts should not be altered while computing book profit. The Court dismissed the appeal, highlighting the importance of adhering to established legal principles and supporting the Tribunal's decision based on factual findings. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378726