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2016 (6) TMI 785 - AT - Income TaxRevision u/s 263 - deduction under section 80-IA allowed - Held that:- Assessing Officer was quite open to the issue of deduction under section 80-IA of the Act with regard to various eligibility conditions provided in the Act, which were queried by her in a number of notices issued to the assessee, which were duly replied by the assessee. After considering all these replies, the Assessing Officer had allowed only a portion of the deduction claimed by the assessee. Thus we see that all the issues are related to deduction under section 80-IB of the Act. All the issues have been investigated properly by the Assessing Officer. In view of this also, we do not find any error in the order of the Assessing Officer. Therefore, we hereby hold the jurisdiction assumed under section 263 to be illegal and quash the order of the Commissioner of Income-tax. - Decided in favour of assessee
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