https://www.taxtmi.com/caselaws?id=395599 The court upheld the jurisdiction of the Commissioner of Income Tax (CIT) to revise the assessment under Section 260A of the Income Tax Act, 1961, regarding the deduction on duty draw back under Section 80-I. It affirmed the disallowance of exemption on duty draw back for traded goods and upheld the revisional order for the assessment year 1989-90 under Section 263, emphasizing that issues not considered in appeal are subject to revision. en-us Wed, 20 May 2020 00:00:00 +0530 Wed, 07 Oct 2020 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395599 The court upheld the jurisdiction of the Commissioner of Income Tax (CIT) to revise the assessment under Section 260A of the Income Tax Act, 1961, regarding the deduction on duty draw back under Section 80-I. It affirmed the disallowance of exemption on duty draw back for traded goods and upheld the revisional order for the assessment year 1989-90 under Section 263, emphasizing that issues not considered in appeal are subject to revision. Case-Laws Income Tax Wed, 20 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395599