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2015 (3) TMI 54 - AT - Income TaxRevision u/s 143(3) r.w.s. 263 - CIT(A) granting deduction u/s 10A to the payments brought into India in foreign exchange after 6 months from the date of export though RBI - Held that:- Since the appeal passed u/s 263 has been decided already by the Tribunal in assessee's own case [2015 (2) TMI 570 - ITAT HYDERABAD] wherein it has been held that the CIT does not have jurisdiction to initiate proceedings u/s 263 of the I.T. Act as proceeds have been brought into India within extended time stipulated by RBI. Further, as seen from the record, the assessee has received the amount within the permitted period by the competent authority. Accordingly, the order of the AO is not prejudicial to the interests of the Revenue nor is erroneous. As the present appeal passed by the AO u/s 143(3) r.w.s. 263 become infructuous and hence appeal of the Revenue is dismissed.
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