Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (3) TMI 247 - HC - Income TaxCIT passed order u/s 263(1) directing AO not to ignore loss on export of trading goods while computing deduction u/s 80HHC - two views were possible - since the view expressed by AO was a possible view, CIT was not justified in exercising powers u/s 263 - where two views are possible or the IT Officer has taken one view with which the Commissioner does not agree, it cannot be treated as an erroneous order prejudicial to the interests of the revenue – ITAT was justified in rejecting CIT order
|