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2010 (2) TMI 275 - HC - Income TaxRevision- The Tribunal has set aside the order dated August 28, 2003, passed by the Commissioner of Income-tax, Jalandhar (1) by exercising jurisdiction under section 263 of the Act holding that on the basis of survey report conducted under section 133A of the Act the assessment completed under section 143(3) of the Act on November 14, 2005, by the Assessing Officer cannot be set aside by the Commissioner of Income-tax by exercising revisional jurisdiction. Held that- Tribunal had found that the Assessing Officer had given a categorical finding that the assessee was engaged in the process of manufacture of products and accordingly he had granted concession under section 80-IB. The claim of the assessee had been found be genuine. The Assessing Officer had also examined the various workers of the assessee and then recorded the findings. The Assessing Officer was justified in granting the special deduction under section 80-IB. The order of revision disallowing the special deduction was not valid.
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