https://www.taxtmi.com/caselaws?id=239193 The Tribunal held that the order passed under section 263 of the Income Tax Act was barred by limitation as it exceeded the prescribed time limit, starting from the original assessment order date. Consequently, the reassessment proceedings under section 147 were deemed valid, and the computation of deduction under section 80IA was upheld. The appeal was allowed, setting aside the order under section 263 due to limitation issues, rendering other grounds raised by the assessee moot. en-us Fri, 18 Oct 2013 00:00:00 +0530 Fri, 08 Nov 2013 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239193 The Tribunal held that the order passed under section 263 of the Income Tax Act was barred by limitation as it exceeded the prescribed time limit, starting from the original assessment order date. Consequently, the reassessment proceedings under section 147 were deemed valid, and the computation of deduction under section 80IA was upheld. The appeal was allowed, setting aside the order under section 263 due to limitation issues, rendering other grounds raised by the assessee moot. Case-Laws Income Tax Fri, 18 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239193