https://www.taxtmi.com/highlights?id=56616 Revision u/s 263 - This is also not a case where the Commissioner failed to undertake inquiry in the course of the exercise of revisional jurisdiction. It is only in pursuance to such inquiry that the Commissioner recorded a categorical finding that the assessee had not even claimed any fees in respect of any alleged technical or management services rendered by it. This is not a case of some plausible view but this is a case where the decision was a result of non-application of mind to the materials on record. - ITAT was not justified in interfering with the CIT's order - HC en-us Sat, 06 Feb 2021 11:34:10 +0530 Sat, 06 Feb 2021 11:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56616 Revision u/s 263 - This is also not a case where the Commissioner failed to undertake inquiry in the course of the exercise of revisional jurisdiction. It is only in pursuance to such inquiry that the Commissioner recorded a categorical finding that the assessee had not even claimed any fees in respect of any alleged technical or management services rendered by it. This is not a case of some plausible view but this is a case where the decision was a result of non-application of mind to the materials on record. - ITAT was not justified in interfering with the CIT's order - HC Highlights Income Tax Sat, 06 Feb 2021 11:34:10 +0530 https://www.taxtmi.com/highlights?id=56616