Where the assessee is engaged in the business of setting up of SEZ and providing IT park for Information Technology enabled services and allied services. Assessing Officer has not examined the issue in proper perspective as regards the disallowance u/s 14A of the Act. Revision is held to be justified. (AY. 2013-14)
Tanglin Developments Ltd. v. Dy.CIT (2020) 194 DTR 65 / 207 TTJ 752 (Bang.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Assessing Officer has not examined the issue in proper perspective-Revision is held to be justified. [S. 14A, 115JB]