https://www.taxtmi.com/caselaws?id=214601 The Tribunal partially allowed the appeal concerning the reassessment jurisdiction under Section 147 of the Income Tax Act and the computation of deduction under section 80-O for a partnership firm of Chartered Accountants. The Tribunal upheld the principle of consistency in following previous accepted factual findings, directing the AO to compute the deduction under section 80-O as per the method prescribed for a previous assessment year. The decision emphasized the importance of applying legal principles consistently across assessment years and ensuring adherence to principles of natural justice. en-us Mon, 28 May 2012 00:00:00 +0530 Mon, 09 Jul 2012 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214601 The Tribunal partially allowed the appeal concerning the reassessment jurisdiction under Section 147 of the Income Tax Act and the computation of deduction under section 80-O for a partnership firm of Chartered Accountants. The Tribunal upheld the principle of consistency in following previous accepted factual findings, directing the AO to compute the deduction under section 80-O as per the method prescribed for a previous assessment year. The decision emphasized the importance of applying legal principles consistently across assessment years and ensuring adherence to principles of natural justice. Case-Laws Income Tax Mon, 28 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214601