CAREER POINT LIMITED,KOTA, RAJASTHAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX, UDAIPUR, RAJASTHAN

In the result, the appeal of the assessee is allowed

Bench: HON’BLE SHRI SANDEEP GOSAIN, JM & HON’BLE SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

150). In this case it was held that where assessee filed all details before Assessing Officer (AO) that no expenditure under section 14A was attributable to exempt dividend income earned by it during year and AO accepted same, since AO had taken a plausible view, impugned invocation of revision under section 263 merely on ground that enquiry conducted