https://www.taxtmi.com/caselaws?id=240073 The court upheld the decision of the Income Tax Appellate Tribunal (ITAT) that the assessee could not claim deductions under Section 80-J in reassessment proceedings initiated for wrongful deductions under Section 80-I. The court emphasized that reassessment proceedings are limited to addressing escaped income and do not allow for revising the entire assessment or permitting new claims. The court ruled in favor of the revenue, concluding that the nature, quantum, and eligibility criteria for deductions under Sections 80-I and 80-J are distinct, and the assessee's attempt to claim deductions under Section 80-I was unsuccessful. en-us Tue, 16 Oct 2012 00:00:00 +0530 Mon, 25 Nov 2013 00:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240073 The court upheld the decision of the Income Tax Appellate Tribunal (ITAT) that the assessee could not claim deductions under Section 80-J in reassessment proceedings initiated for wrongful deductions under Section 80-I. The court emphasized that reassessment proceedings are limited to addressing escaped income and do not allow for revising the entire assessment or permitting new claims. The court ruled in favor of the revenue, concluding that the nature, quantum, and eligibility criteria for deductions under Sections 80-I and 80-J are distinct, and the assessee's attempt to claim deductions under Section 80-I was unsuccessful. Case-Laws Income Tax Tue, 16 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240073