https://www.taxtmi.com/caselaws?id=203889 The High Court upheld the CIT's order under Section 263 of the Income Tax Act, directing the AO to reassess the deduction under Section 80IB for the assessment year 2005-06 based on the year of commencement of operations. The Tribunal's decision allowing the deduction was deemed premature as the AO had not verified the commencement year. The High Court emphasized the Tribunal's role in reviewing the CIT's order's validity and not determining factual issues, remanding the matter for the AO to reassess the deduction's admissibility solely based on the commencement year. en-us Fri, 03 Jun 2011 00:00:00 +0530 Fri, 04 Nov 2011 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203889 The High Court upheld the CIT's order under Section 263 of the Income Tax Act, directing the AO to reassess the deduction under Section 80IB for the assessment year 2005-06 based on the year of commencement of operations. The Tribunal's decision allowing the deduction was deemed premature as the AO had not verified the commencement year. The High Court emphasized the Tribunal's role in reviewing the CIT's order's validity and not determining factual issues, remanding the matter for the AO to reassess the deduction's admissibility solely based on the commencement year. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203889