Commissioner Of Income Tax vs M/S.Mepco Industries Limited on 2 November, 2006
The decision of Hon'ble Madras High Court in the case of
CIT vs. Mepco Industries Ltd. - 294 ITR 121 (Mad) for the proposition that
wherever two views are plausible and Assessing Officer has adopted one
plausible view then the CIT cannot invoke the jurisdiction u/s 263 of the
Income-tax Act.