If two Views are Possible, Revision U/s. 263 is not permissible

Advocate Akhilesh Kumar Sah Tata Motors Ltd. vs. CIT (LTU) (ITAT Mumbai) If Two Views Are Possible, Revision Under Section 263 of the Income Tax Act Is Not Permissible: Tata Motors Ltd Appeal Recently, in Tata Motors Ltd. vs. CIT [ITA No. 3802/MUM/2018 AY: 2011-12, decided on 15.04.2019], apart from other grounds/ issues of appeal, the following ground/ issue was considered: The CIT has erred in law and on facts in directing the AO to disallow the foreign taxes paid in Spain on which no relief u/s. 90 of the Income Tax Act, 1961 (for short ‘the Act’) could be claimed disregarding the fac...