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2015 (12) TMI 1183 - HC - Income TaxAmortization of premium on HTM securities - treating the same as revenue expenditure could not be said to be erroneous within the meaning of section 263 - Held that:- We are of the view that no fault can be found with the impugned order holding that in such a case no occasion to exercise powers of Revision under Section 263 of the Act can arise as held by the Supreme Court in MALABAR INDUSTRIAL CO.LTD (2000 (2) TMI 10 - SUPREME Court). In view of the above settled position of law in regard to jurisdiction under Section 263 of the Act the impugned order of the Tribunal does not give rise to a substantial question of law.
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