https://www.taxtmi.com/caselaws?id=447894 ITAT Ahmedabad allowed the assessee's appeal against revision u/s 263 regarding 10% deduction claim u/s 57(iii) against income from other sources. The tribunal held that the AO's order was not erroneous or prejudicial to revenue as: the AO had examined the issue during assessment proceedings; the assessee consistently claimed this deduction since A.Y. 1994-95; similar claims were allowed in past years (A.Y. 2008-09 to 2014-15) after due verification; and an identical claim was previously allowed by ITAT Ahmedabad in another case. en-us Mon, 30 Oct 2023 00:00:00 +0530 Sat, 06 Jan 2024 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447894 ITAT Ahmedabad allowed the assessee's appeal against revision u/s 263 regarding 10% deduction claim u/s 57(iii) against income from other sources. The tribunal held that the AO's order was not erroneous or prejudicial to revenue as: the AO had examined the issue during assessment proceedings; the assessee consistently claimed this deduction since A.Y. 1994-95; similar claims were allowed in past years (A.Y. 2008-09 to 2014-15) after due verification; and an identical claim was previously allowed by ITAT Ahmedabad in another case. Case-Laws Income Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447894