https://www.taxtmi.com/caselaws?id=270025 The Tribunal dismissed the appeal, affirming the Commissioner's order under Section 263 of the Income-tax Act, 1961. It emphasized the importance of the Assessing Officer recording reasons in the assessment order and independently verifying deductions claimed under Section 80-IB. The Assessing Officer was directed to re-examine the issue, considering previous Tribunal decisions and relevant judgments, and provide a reasonable opportunity to the assessee. en-us Fri, 18 Dec 2015 00:00:00 +0530 Sat, 26 Dec 2015 13:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270025 The Tribunal dismissed the appeal, affirming the Commissioner's order under Section 263 of the Income-tax Act, 1961. It emphasized the importance of the Assessing Officer recording reasons in the assessment order and independently verifying deductions claimed under Section 80-IB. The Assessing Officer was directed to re-examine the issue, considering previous Tribunal decisions and relevant judgments, and provide a reasonable opportunity to the assessee. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270025