https://www.taxtmi.com/caselaws?id=177480 The Tribunal set aside the Commissioner of Income Tax's order invoking Section 263, ruling that the conditions for revision were not met. It upheld the Assessee's entitlement to a 100% deduction under Section 80IC for the Baddi Unit, rejecting the CIT's contention for a 30% deduction. The Tribunal also disagreed with the CIT's determination of the initial assessment year, supporting the Assessee's claim based on the second substantial expansion. The Tribunal directed a fresh consideration by the CIT, emphasizing adherence to natural justice principles. en-us Fri, 27 Feb 2015 00:00:00 +0530 Mon, 11 Jan 2016 11:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177480 The Tribunal set aside the Commissioner of Income Tax's order invoking Section 263, ruling that the conditions for revision were not met. It upheld the Assessee's entitlement to a 100% deduction under Section 80IC for the Baddi Unit, rejecting the CIT's contention for a 30% deduction. The Tribunal also disagreed with the CIT's determination of the initial assessment year, supporting the Assessee's claim based on the second substantial expansion. The Tribunal directed a fresh consideration by the CIT, emphasizing adherence to natural justice principles. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177480