https://www.taxtmi.com/caselaws?id=216912 The Tribunal found in favor of the assessee in part, directing the Assessing Officer to re-examine the claim for eligibility under the amended provisions of section 80P(4) introduced by the Finance Act, 2006. The Tribunal emphasized that the incorrect application of relevant provisions rendered the assessment order erroneous and prejudicial to revenue. It modified the direction of non-admissibility given by the CIT and allowed the assessee to present judicial pronouncements before the Assessing Officer for further evaluation, ultimately granting partial relief to the assessee for statistical purposes. en-us Wed, 11 Jul 2012 00:00:00 +0530 Tue, 25 Sep 2012 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216912 The Tribunal found in favor of the assessee in part, directing the Assessing Officer to re-examine the claim for eligibility under the amended provisions of section 80P(4) introduced by the Finance Act, 2006. The Tribunal emphasized that the incorrect application of relevant provisions rendered the assessment order erroneous and prejudicial to revenue. It modified the direction of non-admissibility given by the CIT and allowed the assessee to present judicial pronouncements before the Assessing Officer for further evaluation, ultimately granting partial relief to the assessee for statistical purposes. Case-Laws Income Tax Wed, 11 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216912