https://www.taxtmi.com/caselaws?id=388782 The Tribunal held that the CIT's invocation of revisional jurisdiction under Section 263 was not justified as the AO had conducted a proper inquiry and the AO's order was based on a permissible view of the law. The foreign assignment allowance received by non-resident employees for services rendered outside India was not taxable in India under Section 5(2) and Section 9(1)(ii) of the Income-tax Act, 1961. The Tribunal quashed the CIT's order and allowed the appeals of the assessees. The stay applications filed by the assessees were dismissed as infructuous. en-us Fri, 15 Nov 2019 00:00:00 +0530 Fri, 22 Nov 2019 11:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388782 The Tribunal held that the CIT's invocation of revisional jurisdiction under Section 263 was not justified as the AO had conducted a proper inquiry and the AO's order was based on a permissible view of the law. The foreign assignment allowance received by non-resident employees for services rendered outside India was not taxable in India under Section 5(2) and Section 9(1)(ii) of the Income-tax Act, 1961. The Tribunal quashed the CIT's order and allowed the appeals of the assessees. The stay applications filed by the assessees were dismissed as infructuous. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388782