https://www.taxtmi.com/caselaws?id=247390 The Tribunal upheld the decision of the ld CIT(A) to allow the deduction under section 80IB, considering the correction of the inadvertent mistake in filing the audit report. It emphasized the importance of tangible material and the Assessing Officer's satisfaction for reopening assessments, highlighting the need for a reason to believe that income has escaped assessment. The Tribunal dismissed the revenue's appeal, affirming the decision in favor of the assessee. en-us Tue, 06 May 2014 00:00:00 +0530 Sat, 10 May 2014 08:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247390 The Tribunal upheld the decision of the ld CIT(A) to allow the deduction under section 80IB, considering the correction of the inadvertent mistake in filing the audit report. It emphasized the importance of tangible material and the Assessing Officer's satisfaction for reopening assessments, highlighting the need for a reason to believe that income has escaped assessment. The Tribunal dismissed the revenue's appeal, affirming the decision in favor of the assessee. Case-Laws Income Tax Tue, 06 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247390