2021 (4) TMI 1205

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....Senior Standing Counsel For Respondent: Mr.R.Sivaraman JUDGMENT M. DURAISWAMY, J. Challenging the order passed in I.TA.No.1638/Mds/2013 in respect of the assessment year 2008-09 on the file of the Income Tax Appellate Tribunal, Chennai, "A" Bench, the Revenue has filed the above appeal. 2.The above appeal was admitted on the following substantial questions of law: "1)Whether on the facts an....

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.... by Mr.M.Swaminathan, learned senior standing counsel appearing for the appellant - Revenue, it could be seen that the proceedings under Section 263 have been initiated by the Commissioner of Income Tax. The first reason cited in the show cause notice was that deduction under Section 10B has been allowed without excluding other incomes. The assessee placed on record the copy of the assessment orde....