https://www.taxtmi.com/caselaws?id=405103 The High Court of Madras upheld the dismissal of the application under section 264 of the Income Tax Act, 1961, regarding the rejection of the petitioner's revision application against the assessment order. Additionally, the court affirmed the disallowance of claimed business expenditure related to borrowed amounts paid to Mrs. Thillaikarasi. The court clarified that the scope of revision under section 264 is limited and cannot be misused as an alternative to filing a statutory appeal. The petitioner's failure to timely appeal before the Commissioner of Income Tax (Appeals) led to the dismissal of the writ petition. en-us Mon, 01 Feb 2021 00:00:00 +0530 Thu, 11 Mar 2021 09:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405103 The High Court of Madras upheld the dismissal of the application under section 264 of the Income Tax Act, 1961, regarding the rejection of the petitioner's revision application against the assessment order. Additionally, the court affirmed the disallowance of claimed business expenditure related to borrowed amounts paid to Mrs. Thillaikarasi. The court clarified that the scope of revision under section 264 is limited and cannot be misused as an alternative to filing a statutory appeal. The petitioner's failure to timely appeal before the Commissioner of Income Tax (Appeals) led to the dismissal of the writ petition. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405103