https://www.taxtmi.com/caselaws?id=178471 The ITAT concluded that the AO had conducted proper inquiries, and the assessment order was not erroneous. The Commissioner's invocation of Section 263 was deemed a misinterpretation, leading to the quashing of the order. The appeal was allowed, upholding the deduction under Section 80IAB. The decision highlighted that differing interpretations between the AO and Commissioner did not render the assessment order prejudicial to revenue. en-us Fri, 13 Dec 2013 00:00:00 +0530 Thu, 08 Dec 2016 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178471 The ITAT concluded that the AO had conducted proper inquiries, and the assessment order was not erroneous. The Commissioner's invocation of Section 263 was deemed a misinterpretation, leading to the quashing of the order. The appeal was allowed, upholding the deduction under Section 80IAB. The decision highlighted that differing interpretations between the AO and Commissioner did not render the assessment order prejudicial to revenue. Case-Laws Income Tax Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178471