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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - Deduction u/s 80P(2)(d) - Where the AO has ...

Income Tax

January 16, 2024

Revision u/s 263 - Deduction u/s 80P(2)(d) - Where the AO has allowed the claim of the assessee under section 80P(2)(d) of the Act after due examination of the facts of the case, he has rightly followed the dicta laid down by the Hon’ble Jurisdictional High Court and therefore, the order so passed by the AO cannot be held as erroneous in so far as prejudicial to the interest of Revenue. - AT

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