https://www.taxtmi.com/caselaws?id=400650 The Tribunal held that the assessment order was not erroneous or prejudicial to the Revenue's interest. The Assessing Officer conducted proper inquiries and verification before allowing the claim for foreign exchange premium expenditure. The appeal was allowed, and the order under section 263 of the Income Tax Act was set aside. en-us Wed, 07 Oct 2020 00:00:00 +0530 Thu, 12 Nov 2020 12:25:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400650 The Tribunal held that the assessment order was not erroneous or prejudicial to the Revenue's interest. The Assessing Officer conducted proper inquiries and verification before allowing the claim for foreign exchange premium expenditure. The appeal was allowed, and the order under section 263 of the Income Tax Act was set aside. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400650