https://www.taxtmi.com/caselaws?id=413898 The Tribunal allowed the appeal of the assessee, quashing the revision order passed by the Principal Commissioner of Income Tax-19, Mumbai under section 263 of the Income Tax Act for the assessment year 2015-16. The Tribunal found that the assumption of revision jurisdiction by the Principal Commissioner was unwarranted as the assessing officer had conducted necessary inquiries regarding the deduction claimed by the cooperative housing society under section 80P, and the disallowance under section 40(a)(ia) was not applicable due to the voluntary disallowance of expenses by the assessee. en-us Tue, 12 Oct 2021 00:00:00 +0530 Sat, 23 Oct 2021 07:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413898 The Tribunal allowed the appeal of the assessee, quashing the revision order passed by the Principal Commissioner of Income Tax-19, Mumbai under section 263 of the Income Tax Act for the assessment year 2015-16. The Tribunal found that the assumption of revision jurisdiction by the Principal Commissioner was unwarranted as the assessing officer had conducted necessary inquiries regarding the deduction claimed by the cooperative housing society under section 80P, and the disallowance under section 40(a)(ia) was not applicable due to the voluntary disallowance of expenses by the assessee. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413898