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of <h1>High Court Upholds ITAT Decision on Tax Appeal, No Substantial Questions of Law</h1> <h3>Principal Commissioner Income Tax, Surat -1 Versus M/s. Sanidhya</h3> Principal Commissioner Income Tax, Surat -1 Versus M/s. Sanidhya - TMI Issues:Appeal under Section 260A of the Income Tax Act, 1961 against ITAT order for A.Y. 2013-14.1. Whether ITAT correctly set aside order u/s 263 when AO's assessment order was prejudicial to revenueRs.2. Whether ITAT correctly allowed deduction u/s 80IB without original assessment inquiryRs.3. Whether ITAT's order on deduction u/s 80IB(10) should be based on total income as per Sec 29 to 43DRs.4. Whether ITAT correctly applied rule of consistency for deduction u/s 80IB(10)Rs.Analysis:Issue 1:The Revenue challenged ITAT's decision to set aside the order u/s 263 despite AO's erroneous assessment prejudicial to revenue. The Court referred to a previous decision and concurred with ITAT's findings, stating that no substantial questions of law were involved. The Court dismissed the appeal, upholding ITAT's decision.Issue 2:The Revenue questioned ITAT's allowance of deduction u/s 80IB without original assessment inquiry. Referring to a previous case, the Court agreed with ITAT's decision based on the partnership agreement and partners' wish not to pay interest on capital. The Court dismissed the appeal, stating no substantial questions of law were raised.Issue 3:Regarding the deduction u/s 80IB(10) based on total income as per Sec 29 to 43D, the Court upheld ITAT's decision following a previous judgment. The Court found no substantial questions of law and dismissed the appeal.Issue 4:The Revenue challenged ITAT's application of the rule of consistency for deduction u/s 80IB(10) despite lack of support from the assessee. The Court, in line with previous decisions, upheld ITAT's decision and dismissed the appeal, stating no substantial questions of law were involved.In conclusion, the High Court dismissed the Tax Appeal, upholding ITAT's decision on all issues raised by the Revenue, as the questions proposed did not raise substantial questions of law based on previous judgments and legal interpretations.
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