https://www.taxtmi.com/caselaws?id=248011 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decision to cancel the reassessment proceedings due to the failure to obtain necessary approvals before issuing the notice under section 148. The reassessment proceedings were deemed invalid as the AO did not follow the procedure for obtaining approval from the required authority. The ITAT affirmed the CIT(A)'s findings that the mandatory conditions for deduction under section 80IB(10) were not fulfilled by the assessee, leading to the dismissal of the revenue's challenge. en-us Fri, 16 May 2014 00:00:00 +0530 Thu, 29 May 2014 10:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248011 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decision to cancel the reassessment proceedings due to the failure to obtain necessary approvals before issuing the notice under section 148. The reassessment proceedings were deemed invalid as the AO did not follow the procedure for obtaining approval from the required authority. The ITAT affirmed the CIT(A)'s findings that the mandatory conditions for deduction under section 80IB(10) were not fulfilled by the assessee, leading to the dismissal of the revenue's challenge. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248011