https://www.taxtmi.com/caselaws?id=290364 The Tribunal quashed the CIT's order under section 263, upholding the AO's decision regarding the interpretation of export turnover for deduction under section 10A of the Income Tax Act, 1961. The Tribunal emphasized that when two plausible views exist and the AO has taken one, jurisdiction under section 263 cannot be exercised. This case underscores the importance of considering differing legal interpretations in tax matters and the relevance of established legal principles in evaluating administrative actions. en-us Fri, 22 Feb 2013 00:00:00 +0530 Tue, 22 Sep 2020 10:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290364 The Tribunal quashed the CIT's order under section 263, upholding the AO's decision regarding the interpretation of export turnover for deduction under section 10A of the Income Tax Act, 1961. The Tribunal emphasized that when two plausible views exist and the AO has taken one, jurisdiction under section 263 cannot be exercised. This case underscores the importance of considering differing legal interpretations in tax matters and the relevance of established legal principles in evaluating administrative actions. Case-Laws Income Tax Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290364