https://www.taxtmi.com/caselaws?id=244392 The ITAT Hyderabad ruled in favor of the assessee, holding that they were entitled to a deduction under section 80IB(8A) of the Income Tax Act for the assessment year 2008-09. The ITAT found that the assessee, engaged in bio-informatics and Contract Research Services, met the conditions for the deduction as approved by the prescribed authority, despite the Assessing Officer's initial rejection based on the nature of the activities. The ITAT emphasized the lack of change in relevant facts and previous favorable decisions in the assessee's case, ultimately allowing the deduction. en-us Thu, 06 Feb 2014 00:00:00 +0530 Thu, 20 Feb 2014 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244392 The ITAT Hyderabad ruled in favor of the assessee, holding that they were entitled to a deduction under section 80IB(8A) of the Income Tax Act for the assessment year 2008-09. The ITAT found that the assessee, engaged in bio-informatics and Contract Research Services, met the conditions for the deduction as approved by the prescribed authority, despite the Assessing Officer's initial rejection based on the nature of the activities. The ITAT emphasized the lack of change in relevant facts and previous favorable decisions in the assessee's case, ultimately allowing the deduction. Case-Laws Income Tax Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244392