https://www.taxtmi.com/caselaws?id=66829 The Tribunal upheld the Administrative Commissioner's order under Section 263, concluding that the Assessing Officer's (AO) assessment was erroneous and prejudicial to the interests of the Revenue. The AO failed to deduct the Section 80-IA deduction before computing the eligible profit for Section 80HHC and did not make necessary enquiries or record reasons for his decision. The Tribunal dismissed the assessee's appeal, affirming that the AO did not properly apply the law or consider relevant provisions, thereby justifying the Commissioner's corrective action. en-us Fri, 15 Feb 2008 00:00:00 +0530 Fri, 22 Dec 2023 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66829 The Tribunal upheld the Administrative Commissioner's order under Section 263, concluding that the Assessing Officer's (AO) assessment was erroneous and prejudicial to the interests of the Revenue. The AO failed to deduct the Section 80-IA deduction before computing the eligible profit for Section 80HHC and did not make necessary enquiries or record reasons for his decision. The Tribunal dismissed the assessee's appeal, affirming that the AO did not properly apply the law or consider relevant provisions, thereby justifying the Commissioner's corrective action. Case-Laws Income Tax Fri, 15 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66829