Friday, September 25, 2020

Bar on revision of orders prejudicial to revenue, If AO allowed claim after proper examination and due application of mind: ITAT grants relief to Vodafone

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no proceedings relating to revision of orders prejudicial to revenue under Section 263, if AO took one of the possible views and allowed the claim after proper examination and due application of mind. The assessee, Vodafone India Ltd. is engaged in provision of wireless telecommunications […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2HuZzx3

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