High Court rightly upheld Section 263 revision as export quota premium exclusion under Section 80HHC was erroneous.
High Court rightly upheld Section 263 revision as export quota premium exclusion under Section 80HHC was erroneous. Issue Whether the High Court was justified in upholding the Commissioner’s revisional jurisdiction under Section 263, which set aside the assessment for failure to exclude 90% of export quota premium from business profits under Explanation (baa) to Section… Read More »