Revision u/s 263 - AO chose not to make any disallowance u/s ...

CIT vs. AO: No Disallowance u/s 40(a)(i) for Foreign Commission; Two Views Possible, Not Erroneous.

January 20, 2015

Case Laws Income Tax AT

Revision u/s 263 - AO chose not to make any disallowance u/s 40(a)(i) on foreign commission received - when two views are possible and the ITO has taken one view with which the CIT does not agree, it cannot be treated as an erroneous order prejudicial to the interest of the Revenue - AT

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Revision u/s 263 - AO chose not to make any disallowance u/s ...

CIT vs. AO: No Disallowance u/s 40(a)(i) for Foreign Commission; Two Views Possible, Not Erroneous.

January 20, 2015

Case Laws Income Tax AT

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