Revision Invalidated: Section 263 on Claiming Business Expenses with Standard Deduction on Rental Income Clarified.

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....Revision u/s 263 - claiming business expenditure while claiming standard deduction in the rental income - No doubt assessee has claimed the voluntary expenditure under the head income from business. - However, the relevant expenditure was voluntarily disallowed while computing the income from business and the expenditures which are relevant for the business expenditure were claimed. - Revision proceedings not valid - AT....