https://www.taxtmi.com/caselaws?id=70679 The Tribunal upheld the CIT(A)'s decision that the assessee was entitled to a deduction under section 80-I to the extent of the gross total income, rejecting the AO's proposal to withdraw the deduction due to business loss. Additionally, the Tribunal annulled the assessment proceedings, citing that the reassessment was beyond four years without any failure on the part of the assessee to disclose material facts. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. en-us Fri, 30 May 2008 00:00:00 +0530 Fri, 20 Jan 2012 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70679 The Tribunal upheld the CIT(A)'s decision that the assessee was entitled to a deduction under section 80-I to the extent of the gross total income, rejecting the AO's proposal to withdraw the deduction due to business loss. Additionally, the Tribunal annulled the assessment proceedings, citing that the reassessment was beyond four years without any failure on the part of the assessee to disclose material facts. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 30 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70679