https://www.taxtmi.com/caselaws?id=219353 The Tribunal accepted the assessee's plea for condonation of delay in filing the appeal, allowing it for hearing. It upheld the Commissioner's order under section 263, directing reworking of the deduction in line with Supreme Court precedent. The Tribunal dismissed the challenge against the retrospective amendment to Section 80HHC, citing its applicability as per Gujarat High Court's decision. The High Court's stay did not impact the core issue of aligning deduction calculation with the Supreme Court's ruling. Ultimately, the Tribunal affirmed the Commissioner's decision under section 263, dismissing the appeal. en-us Thu, 26 Jul 2012 00:00:00 +0530 Sat, 13 Oct 2012 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219353 The Tribunal accepted the assessee's plea for condonation of delay in filing the appeal, allowing it for hearing. It upheld the Commissioner's order under section 263, directing reworking of the deduction in line with Supreme Court precedent. The Tribunal dismissed the challenge against the retrospective amendment to Section 80HHC, citing its applicability as per Gujarat High Court's decision. The High Court's stay did not impact the core issue of aligning deduction calculation with the Supreme Court's ruling. Ultimately, the Tribunal affirmed the Commissioner's decision under section 263, dismissing the appeal. Case-Laws Income Tax Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219353