2017 (10) TMI 1100

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.... Respondents Through: Mr. Ashok K. Manchanda, Sr. Standing Counsel for ITD. O R D E R 1. Issue notice. 2. Mr. Ashok K. Manchanda, learned counsel for the ITD accepts notice. 3. The assessee is aggrieved by the invocation of power - by the Commissioner under Section 263 of the Income Tax Act, 1961 (hereafter referred to as 'the Act').   4. The AO, for the relevant year i.e. 2011....

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....he outset, we notice that Enable Exports (P.) Ltd. (supra) itself took note of the circular of 09.03.2009, which in material particulars records as follows: "The matter regarding validity of approvals given by Development Commissioner has been examined in the Board. It has been decided that an approval granted by the Development Commissioner in the case of a hundred percent export oriented unit....