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2015 (3) TMI 63 - HC - Income TaxRevision u/s 263 - income from the nature of business activities as shown by the assessee, was not eligible for deduction under Section 80-O - Tribunal set aside the revision made by CIT u/s 263 as bad in law allowing the deduction under Section 80(O) in respect of tower testing activity, etc - Held that:- The learned Standing Counsel for the Revenue is not disputing the fact that the tax effect in the present case is less than ₹ 4 Lakhs and that the assessee's case does not fall within the exceptions specified in Instruction No.1979, dated 27.3.2000. Thus considering the circulars issued by the Central Board of Direct Taxes and the tax effect involved in the case on hand, this Court is not inclined to entertain this appeal. - Decided against revenue.
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