https://www.taxtmi.com/caselaws?id=247143 The Tribunal allowed the appeal of the assessee, holding that the CIT was not justified in invoking the provisions of Section 263 of the Income-tax Act, 1961. The AO's order was neither erroneous nor prejudicial to the interests of revenue, and the deduction under Section 80IB (10) was valid despite the belated return. The Tribunal emphasized that provisions granting incentives should be construed liberally to advance the purpose of the legislation, and technicalities should not hinder the grant of such incentives. en-us Wed, 18 Dec 2013 00:00:00 +0530 Sat, 03 May 2014 09:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247143 The Tribunal allowed the appeal of the assessee, holding that the CIT was not justified in invoking the provisions of Section 263 of the Income-tax Act, 1961. The AO's order was neither erroneous nor prejudicial to the interests of revenue, and the deduction under Section 80IB (10) was valid despite the belated return. The Tribunal emphasized that provisions granting incentives should be construed liberally to advance the purpose of the legislation, and technicalities should not hinder the grant of such incentives. Case-Laws Income Tax Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247143