https://www.taxtmi.com/caselaws?id=288075 The Tribunal upheld the Commissioner of Income Tax's jurisdiction under section 263, finding errors in the assessment related to deductions under sections 80-O and 80HHC. The Tribunal ruled that the technical know-how was not exclusively used outside India, leading to the denial of deduction under section 80-O. However, the inclusion of excise duty and sales tax in the total turnover for deduction under section 80HHC was deemed incorrect. The Tribunal partially allowed the revenue's appeal, remanding the issue of deduction under section 80-O for reassessment. The assessee's appeal and cross-objection were dismissed. en-us Fri, 22 Mar 2013 00:00:00 +0530 Mon, 18 May 2020 14:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288075 The Tribunal upheld the Commissioner of Income Tax's jurisdiction under section 263, finding errors in the assessment related to deductions under sections 80-O and 80HHC. The Tribunal ruled that the technical know-how was not exclusively used outside India, leading to the denial of deduction under section 80-O. However, the inclusion of excise duty and sales tax in the total turnover for deduction under section 80HHC was deemed incorrect. The Tribunal partially allowed the revenue's appeal, remanding the issue of deduction under section 80-O for reassessment. The assessee's appeal and cross-objection were dismissed. Case-Laws Income Tax Fri, 22 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288075