If Assessee claims higher deduction in revised return, AO must consider the same

IN THE ITAT MUMBAI BENCH ‘L’ Assistant Director of Income-tax (International Taxation) 3(1)/2(2)  Versus Oman International Bank S.A.O.G IT Appeal Nos. 2518 & 2675 (Mum.) of 2004 AND 4492 & 4756 (Mum.) of 2005 [Assessment years 2000-01 and 2001-02] October 10, 2012 ORDER 1. These sets of cross appeals by the assessee and the Revenue relate to assessment years 2000-2001 and 2001-2002. Since some of the issues raised in these appeals are common, we are therefore, proceeding to dispose them off by this consolidated order for the sake of convenience. Assessmen...