https://www.taxtmi.com/caselaws?id=285095 The Tribunal held that the revision of the assessment order under section 263 of the Income Tax Act was unwarranted as the assessing officer had properly examined the issues. The disallowance of tax deduction at source on interest payments and various expenses under section 40(a)(ia) was found to be unjustified as the assessing officer had considered relevant information and the CIT failed to point out specific errors. The Tribunal also concluded that the disallowance related to foreign exchange fluctuations was unwarranted as the assessing officer had accepted the explanations provided by the appellant. en-us Wed, 03 Aug 2011 00:00:00 +0530 Thu, 26 Dec 2019 10:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285095 The Tribunal held that the revision of the assessment order under section 263 of the Income Tax Act was unwarranted as the assessing officer had properly examined the issues. The disallowance of tax deduction at source on interest payments and various expenses under section 40(a)(ia) was found to be unjustified as the assessing officer had considered relevant information and the CIT failed to point out specific errors. The Tribunal also concluded that the disallowance related to foreign exchange fluctuations was unwarranted as the assessing officer had accepted the explanations provided by the appellant. Case-Laws Income Tax Wed, 03 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285095