https://www.taxtmi.com/caselaws?id=32349 The court dismissed the challenge to the revision petition under section 264 of the Income-tax Act, 1961 for the assessment year 1992-93, which involved an irregular deduction claimed under section 36(1)(viii) and subsequent assessment under section 147 read with section 143(3). The court held that rectifying the irregular claim under section 147 was necessary to prevent revenue loss and aligned with the view that allowing such claims would be a travesty of justice. en-us Wed, 19 Dec 2007 00:00:00 +0530 Fri, 06 Feb 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32349 The court dismissed the challenge to the revision petition under section 264 of the Income-tax Act, 1961 for the assessment year 1992-93, which involved an irregular deduction claimed under section 36(1)(viii) and subsequent assessment under section 147 read with section 143(3). The court held that rectifying the irregular claim under section 147 was necessary to prevent revenue loss and aligned with the view that allowing such claims would be a travesty of justice. Case-Laws Income Tax Wed, 19 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32349