https://www.taxtmi.com/highlights?id=83535 Assessing Officer's exclusion of sum pertaining to investments outside India from depreciation on investment provision was upheld. High Court correctly held that Commissioner of Income Tax erred in invoking revisionary jurisdiction u/s 263 against Assessing Officer's order, as it was not prejudicial to revenue's interest. Supreme Court dismissed Special Leave Petition, upholding High Court's order setting aside Commissioner's revisionary order. en-us Sat, 30 Nov 2024 08:41:56 +0530 Sat, 30 Nov 2024 08:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83535 Assessing Officer's exclusion of sum pertaining to investments outside India from depreciation on investment provision was upheld. High Court correctly held that Commissioner of Income Tax erred in invoking revisionary jurisdiction u/s 263 against Assessing Officer's order, as it was not prejudicial to revenue's interest. Supreme Court dismissed Special Leave Petition, upholding High Court's order setting aside Commissioner's revisionary order. Highlights Income Tax Sat, 30 Nov 2024 08:41:56 +0530 https://www.taxtmi.com/highlights?id=83535