https://www.taxtmi.com/caselaws?id=183130 The Court upheld the original assessment order, dismissing the Revenue's appeal challenging the Tribunal's decision under Section 263 of the Income Tax Act. The Tribunal found the Commissioner's revisionary proceedings unwarranted, as the assessment was deemed accurate and not prejudicial to the Revenue's interest. Additionally, the Tribunal reinstated the assessment order regarding Sections 80-IA and 80HHC, determining that the expenses were correctly apportioned and the claims were valid based on the assessee's maintained books of account. The Court concurred with the Tribunal's decision, ruling in favor of the assessee and denying the Revenue's appeal. en-us Tue, 08 Jul 2014 00:00:00 +0530 Mon, 30 May 2016 16:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183130 The Court upheld the original assessment order, dismissing the Revenue's appeal challenging the Tribunal's decision under Section 263 of the Income Tax Act. The Tribunal found the Commissioner's revisionary proceedings unwarranted, as the assessment was deemed accurate and not prejudicial to the Revenue's interest. Additionally, the Tribunal reinstated the assessment order regarding Sections 80-IA and 80HHC, determining that the expenses were correctly apportioned and the claims were valid based on the assessee's maintained books of account. The Court concurred with the Tribunal's decision, ruling in favor of the assessee and denying the Revenue's appeal. Case-Laws Income Tax Tue, 08 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183130