https://www.taxtmi.com/caselaws?id=252073 The Tribunal concluded that the Assessing Officer (AO) had adequately examined and approved the deduction under Section 10AA after thorough verification. The Tribunal deemed the AO's decision supported by judicial precedents and a plausible view, thus finding the Commissioner of Income Tax (CIT) unjustified in invoking jurisdiction under Section 263. Consequently, the Tribunal overturned the CIT's order and ruled in favor of the assessee for both assessment years. en-us Fri, 05 Sep 2014 00:00:00 +0530 Mon, 22 Feb 2016 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252073 The Tribunal concluded that the Assessing Officer (AO) had adequately examined and approved the deduction under Section 10AA after thorough verification. The Tribunal deemed the AO's decision supported by judicial precedents and a plausible view, thus finding the Commissioner of Income Tax (CIT) unjustified in invoking jurisdiction under Section 263. Consequently, the Tribunal overturned the CIT's order and ruled in favor of the assessee for both assessment years. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252073