https://www.taxtmi.com/caselaws?id=394741 The Tribunal allowed the appeal, finding that the order passed by the Ld. Pr. Commissioner of Income Tax invoking section 263 was not in accordance with the law. The Tribunal held that the Assessing Officer had correctly treated the subsidy received by the assessee as revenue in nature, with no loss to the revenue. As a result, the revision order was deemed invalid, and the appeal of the assessee was allowed. en-us Tue, 11 Feb 2020 00:00:00 +0530 Thu, 23 Apr 2020 10:59:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394741 The Tribunal allowed the appeal, finding that the order passed by the Ld. Pr. Commissioner of Income Tax invoking section 263 was not in accordance with the law. The Tribunal held that the Assessing Officer had correctly treated the subsidy received by the assessee as revenue in nature, with no loss to the revenue. As a result, the revision order was deemed invalid, and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394741