2017 (12) TMI 1617

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..... hat:- While exercising the powers under Section 263, the Commissioner must not sit as an appellate authority and that where two views are possible and if the AO has taken one plausible view, the Commissioner cannot interfere with such view, merely because he has taken a different view. In the light of Section 2(47), it cannot be said that the view taken by the AO, was not a plausible one. In the a .....

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..... of the Income Tax Appellate Tribunal, Visakhapatnam Bench, Visakhapatnam (for short 'the Tribunal'). At the hearing, Mr. K.Raji Reddy, learned Senior Standing Counsel for the Income Tax Department, has fairly conceded that ITTA.No.742 of 2017 filed by the Revenue against the same common order in ITA.No.178/Vizag/2015 was dismissed by this Court by order, dated 29.11.2017. He further admitted tha .....

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