https://www.taxtmi.com/caselaws?id=31544 The High Court upheld the Income Tax Appellate Tribunal's decision in favor of the assessee, dismissing the revenue's appeals regarding the deduction claimed for compensation paid to vacate tenants. The Court found that the revenue had previously accepted the accounting method and treatment of expenditure by the assessee, leading to the rejection of the Commissioner's attempt to revise the orders under Section 154 and 263. The Court ruled that no substantial question of law was involved, concluding that the Commissioner wrongly invoked jurisdiction under Section 263, and therefore rejected the revenue's appeals. en-us Wed, 10 Oct 2007 00:00:00 +0530 Sat, 22 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31544 The High Court upheld the Income Tax Appellate Tribunal's decision in favor of the assessee, dismissing the revenue's appeals regarding the deduction claimed for compensation paid to vacate tenants. The Court found that the revenue had previously accepted the accounting method and treatment of expenditure by the assessee, leading to the rejection of the Commissioner's attempt to revise the orders under Section 154 and 263. The Court ruled that no substantial question of law was involved, concluding that the Commissioner wrongly invoked jurisdiction under Section 263, and therefore rejected the revenue's appeals. Case-Laws Income Tax Wed, 10 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31544