https://www.taxtmi.com/highlights?id=62390 Revisional powers u/s 263 with respect to the deduction claimed u/s 36 (1) (viii) - With respect to the inclusion of interest on income tax refund considered both by the assessee as well as by the learned assessing officer as part of long-term finance income of the assessee, the assessee itself agreed that there is an error and it should not have been included in the long-term finance income of the assessee. - the action of the learned principal Commissioner of income tax u/s 263 of the act is confirmed to that extent only. - AT en-us Fri, 11 Mar 2022 13:42:37 +0530 Fri, 11 Mar 2022 13:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62390 Revisional powers u/s 263 with respect to the deduction claimed u/s 36 (1) (viii) - With respect to the inclusion of interest on income tax refund considered both by the assessee as well as by the learned assessing officer as part of long-term finance income of the assessee, the assessee itself agreed that there is an error and it should not have been included in the long-term finance income of the assessee. - the action of the learned principal Commissioner of income tax u/s 263 of the act is confirmed to that extent only. - AT Highlights Income Tax Fri, 11 Mar 2022 13:42:37 +0530 https://www.taxtmi.com/highlights?id=62390