https://www.taxtmi.com/caselaws?id=255811 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the assessment order lacking proper investigation into the deduction claim under Section 10B. However, the Tribunal held that the Commissioner exceeded jurisdiction by unilaterally disallowing the claim under Section 10B. The Tribunal directed the Assessing Officer to consider the alternate claim for deduction under Section 10A, following court precedents. The appeal was partly allowed, with instructions for the AO to assess the alternate deduction claim under Section 10A. en-us Fri, 16 Jan 2015 00:00:00 +0530 Wed, 28 Jan 2015 06:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255811 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, finding the assessment order lacking proper investigation into the deduction claim under Section 10B. However, the Tribunal held that the Commissioner exceeded jurisdiction by unilaterally disallowing the claim under Section 10B. The Tribunal directed the Assessing Officer to consider the alternate claim for deduction under Section 10A, following court precedents. The appeal was partly allowed, with instructions for the AO to assess the alternate deduction claim under Section 10A. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255811