https://www.taxtmi.com/caselaws?id=433024 The Tribunal held that the Assessing Officer's decisions allowing revenue expenditure on catalyst and depreciation on Technical Know-how for A.Y. 2009-10 and 2010-11 were correct. The Commissioner of Income Tax's invocation of Section 263 was deemed unjustified as the AO had thoroughly examined and approved these claims in previous years. Therefore, the Tribunal quashed the CIT's revisionary orders for both assessment years, ruling in favor of the assessee. en-us Mon, 16 Jan 2023 00:00:00 +0530 Thu, 19 Jan 2023 08:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433024 The Tribunal held that the Assessing Officer's decisions allowing revenue expenditure on catalyst and depreciation on Technical Know-how for A.Y. 2009-10 and 2010-11 were correct. The Commissioner of Income Tax's invocation of Section 263 was deemed unjustified as the AO had thoroughly examined and approved these claims in previous years. Therefore, the Tribunal quashed the CIT's revisionary orders for both assessment years, ruling in favor of the assessee. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433024