https://www.taxtmi.com/caselaws?id=118968 The Tribunal upheld the Commissioner's decision to invoke section 263 and re-compute the deduction under section 80-I of the Income-tax Act. The Tribunal found that the appellant's argument regarding the interpretation of section 80-I was not persuasive, and the Commissioner's action was justified. The appeal was dismissed, affirming the Commissioner's order to adjust losses against profits in accordance with section 80-I(6). en-us Thu, 07 Jul 2005 00:00:00 +0530 Tue, 31 Jul 2012 23:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118968 The Tribunal upheld the Commissioner's decision to invoke section 263 and re-compute the deduction under section 80-I of the Income-tax Act. The Tribunal found that the appellant's argument regarding the interpretation of section 80-I was not persuasive, and the Commissioner's action was justified. The appeal was dismissed, affirming the Commissioner's order to adjust losses against profits in accordance with section 80-I(6). Case-Laws Income Tax Thu, 07 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118968