https://www.taxtmi.com/caselaws?id=290328 The Tribunal upheld the Principal Commissioner of Income Tax's decision to set aside the assessment order under section 263 of the Income Tax Act, citing errors by the Assessing Officer in not making necessary inquiries. It also affirmed the applicability of Section 40(a)(iib) to disallow Electricity Duty paid by the assessee, emphasizing that the duty was an exclusive levy on the assessee and should have been disallowed. The Tribunal dismissed the assessee's appeal, supporting the Pr. CIT's actions and highlighting the importance of proper scrutiny of claims to protect Revenue interests. en-us Thu, 26 Sep 2019 00:00:00 +0530 Sat, 19 Sep 2020 16:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290328 The Tribunal upheld the Principal Commissioner of Income Tax's decision to set aside the assessment order under section 263 of the Income Tax Act, citing errors by the Assessing Officer in not making necessary inquiries. It also affirmed the applicability of Section 40(a)(iib) to disallow Electricity Duty paid by the assessee, emphasizing that the duty was an exclusive levy on the assessee and should have been disallowed. The Tribunal dismissed the assessee's appeal, supporting the Pr. CIT's actions and highlighting the importance of proper scrutiny of claims to protect Revenue interests. Case-Laws Income Tax Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290328