https://www.taxtmi.com/caselaws?id=326847 The Tribunal upheld the validity of an order passed under Section 263 of the Income Tax Act, determining that the order was within the limitation period despite being dispatched and received after the deadline. In a separate issue, the Tribunal found that the Assessing Officer failed to properly investigate a deduction claim under Section 80IB, leading to an erroneous assessment order prejudicial to revenue. Consequently, the Commissioner of Income Tax was justified in setting aside the assessment order and directing a fresh assessment. The High Court affirmed the Tribunal's decision, dismissing the appeals with no substantial question of law identified. en-us Mon, 14 Mar 2016 00:00:00 +0530 Fri, 18 Nov 2016 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326847 The Tribunal upheld the validity of an order passed under Section 263 of the Income Tax Act, determining that the order was within the limitation period despite being dispatched and received after the deadline. In a separate issue, the Tribunal found that the Assessing Officer failed to properly investigate a deduction claim under Section 80IB, leading to an erroneous assessment order prejudicial to revenue. Consequently, the Commissioner of Income Tax was justified in setting aside the assessment order and directing a fresh assessment. The High Court affirmed the Tribunal's decision, dismissing the appeals with no substantial question of law identified. Case-Laws Income Tax Mon, 14 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326847