https://www.taxtmi.com/caselaws?id=388946 The High Court upheld the tribunal's decision to quash the CIT's order under Section 263, finding it time-barred and ruling that the premium paid for the Accountants Risk Policy did not qualify for deduction under the Income Tax Act. The court dismissed the appeal, favoring the assessee over the revenue, rendering the other issues moot. en-us Thu, 21 Nov 2019 00:00:00 +0530 Wed, 27 Nov 2019 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388946 The High Court upheld the tribunal's decision to quash the CIT's order under Section 263, finding it time-barred and ruling that the premium paid for the Accountants Risk Policy did not qualify for deduction under the Income Tax Act. The court dismissed the appeal, favoring the assessee over the revenue, rendering the other issues moot. Case-Laws Income Tax Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388946