https://www.taxtmi.com/caselaws?id=399969 The High Court remanded the case to the Commissioner of Income Tax for a fresh decision on the treatment of pre-operative expenses under Section 35D of the Income Tax Act. The Court emphasized the necessity for a thorough examination of facts and proper legal procedures in determining the taxability of the disputed amount. The Court also canceled the Commissioner's order under Section 263, ruling that it lacked jurisdiction due to the absence of errors in the Assessee's submissions. The Tribunal's order was set aside, and the matter was directed to be reconsidered by the Commissioner in accordance with the law. en-us Thu, 15 Oct 2020 00:00:00 +0530 Fri, 23 Oct 2020 16:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399969 The High Court remanded the case to the Commissioner of Income Tax for a fresh decision on the treatment of pre-operative expenses under Section 35D of the Income Tax Act. The Court emphasized the necessity for a thorough examination of facts and proper legal procedures in determining the taxability of the disputed amount. The Court also canceled the Commissioner's order under Section 263, ruling that it lacked jurisdiction due to the absence of errors in the Assessee's submissions. The Tribunal's order was set aside, and the matter was directed to be reconsidered by the Commissioner in accordance with the law. Case-Laws Income Tax Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399969