https://www.taxtmi.com/caselaws?id=416405 The ITAT Kolkata allowed the appeal of the assessee, ruling that the Ld. CIT(E) erroneously exercised revisionary jurisdiction under section 263 of the Income Tax Act. The alleged mistake in claiming the application amount was found to be rectified by the assessee, and there was no basis for the apprehension of double deduction. The assessment order by the AO was upheld, and the revisional jurisdiction of the Ld. CIT(E) was deemed unwarranted. en-us Wed, 15 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416405 The ITAT Kolkata allowed the appeal of the assessee, ruling that the Ld. CIT(E) erroneously exercised revisionary jurisdiction under section 263 of the Income Tax Act. The alleged mistake in claiming the application amount was found to be rectified by the assessee, and there was no basis for the apprehension of double deduction. The assessment order by the AO was upheld, and the revisional jurisdiction of the Ld. CIT(E) was deemed unwarranted. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416405