https://www.taxtmi.com/caselaws?id=440218 The Tribunal quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act. The Tribunal held that the Assessing Officer (AO) had taken a possible and legally sustainable view in allowing the claims for premium on redemption of debentures and depreciation on goodwill. Consequently, the appeal of the assessee was allowed. en-us Mon, 31 Oct 2022 00:00:00 +0530 Thu, 13 Jul 2023 07:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440218 The Tribunal quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act. The Tribunal held that the Assessing Officer (AO) had taken a possible and legally sustainable view in allowing the claims for premium on redemption of debentures and depreciation on goodwill. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440218