https://www.taxtmi.com/caselaws?id=233999 The ITAT set aside the CIT's orders challenging the deduction claimed under section 80IB for chilling plant operations, emphasizing that revision proceedings should not be initiated if the assessing officer's view is plausible. The assessing officer had reopened assessments, allowed the deduction after thorough examination, and considered relevant case law. The ITAT held that the CIT's differing view did not justify revision proceedings, allowing all appeals of the assessees on 13.05.2013. en-us Mon, 13 May 2013 00:00:00 +0530 Fri, 24 May 2013 08:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233999 The ITAT set aside the CIT's orders challenging the deduction claimed under section 80IB for chilling plant operations, emphasizing that revision proceedings should not be initiated if the assessing officer's view is plausible. The assessing officer had reopened assessments, allowed the deduction after thorough examination, and considered relevant case law. The ITAT held that the CIT's differing view did not justify revision proceedings, allowing all appeals of the assessees on 13.05.2013. Case-Laws Income Tax Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233999