This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
As long as an AO has taken a possible view of a matter after applying his mind to facts of case and legal provision, view so taken cannot be subjected to revision proceedings under section 263 merely because the Commissioner has a different view of that matter
Case Law Details
- Case Name
- Jewel Enterprises Vs. ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DECIDED BY: ITAT MUMBAI `J’ BENCH, MUMBAI, IN THE CASE OF: Jewel Enterprises Vs. ITO APPEAL NO: ITA Nos. 6477 & 6478/Mum/07, DECIDED ON May 31, 2010
RELEVANT EXTRACTS:
3. The relevant material facts are as follows. The assessee is a partnership firm engaged in the business of manufacture and exports of stainless sheet utensils and other products. On 12th November, 2003, the assessee filed its income tax return disclosing a taxable income of Rs 1,51,330, after claiming deduction under section 80 HHC, in respect of export profits, amounting to Rs 49,16,854. The income ...
