https://www.taxtmi.com/caselaws?id=64988 The Appellate Tribunal ruled against the Assessing Officer's reopening of assessment under section 147(b) to disallow the claim under section 80-I, stating that internal audit objections were not valid grounds for reassessment. The Tribunal clarified that the requirement to file Form No. 10CCB for deduction under section 80-I is procedural, and denial based on technicalities is unjustified. In reassessment, the Tribunal mandated allowance of the deduction as all conditions were met, rejecting the Assessing Officer's denial. The appeal was allowed, overturning the assessment on both issues. en-us Mon, 30 Oct 1995 00:00:00 +0530 Fri, 11 Feb 2011 15:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64988 The Appellate Tribunal ruled against the Assessing Officer's reopening of assessment under section 147(b) to disallow the claim under section 80-I, stating that internal audit objections were not valid grounds for reassessment. The Tribunal clarified that the requirement to file Form No. 10CCB for deduction under section 80-I is procedural, and denial based on technicalities is unjustified. In reassessment, the Tribunal mandated allowance of the deduction as all conditions were met, rejecting the Assessing Officer's denial. The appeal was allowed, overturning the assessment on both issues. Case-Laws Income Tax Mon, 30 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64988