https://www.taxtmi.com/caselaws?id=436657 The Tribunal allowed the appeal, setting aside the order passed by the ld.Pr.CIT under section 263 of the Income Tax Act. The Tribunal held that the ld.Pr.CIT erred in asserting jurisdiction under section 263 and in disputing the tax treatment of the disallowed expenditure. The appeal was allowed in favor of the assessee, concluding that the assessing officer's order was justified, and the provisions of section 69C were deemed inapplicable. en-us Wed, 22 Mar 2023 00:00:00 +0530 Tue, 18 Apr 2023 08:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436657 The Tribunal allowed the appeal, setting aside the order passed by the ld.Pr.CIT under section 263 of the Income Tax Act. The Tribunal held that the ld.Pr.CIT erred in asserting jurisdiction under section 263 and in disputing the tax treatment of the disallowed expenditure. The appeal was allowed in favor of the assessee, concluding that the assessing officer's order was justified, and the provisions of section 69C were deemed inapplicable. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436657