https://www.taxtmi.com/caselaws?id=211000 The Tribunal partly allowed the assessee's appeal, directing the CIT(A) to reconsider the claim under section 35(1)(ii) and modifying the CIT's directions under section 263. The Tribunal clarified that the CIT's jurisdiction was limited to revising specific issues raised and not the entire assessment order. The assessee's claim for deduction under section 35(1)(i) was upheld, while the CIT's disallowance of the claim under section 35(2AA) was deemed incorrect. The Tribunal emphasized the need for proper approval for deductions and specified the allowable deductions under different sections of the Income Tax Act. en-us Fri, 06 Jan 2012 00:00:00 +0530 Wed, 29 Feb 2012 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211000 The Tribunal partly allowed the assessee's appeal, directing the CIT(A) to reconsider the claim under section 35(1)(ii) and modifying the CIT's directions under section 263. The Tribunal clarified that the CIT's jurisdiction was limited to revising specific issues raised and not the entire assessment order. The assessee's claim for deduction under section 35(1)(i) was upheld, while the CIT's disallowance of the claim under section 35(2AA) was deemed incorrect. The Tribunal emphasized the need for proper approval for deductions and specified the allowable deductions under different sections of the Income Tax Act. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211000