https://www.taxtmi.com/caselaws?id=328377 The Tribunal quashed the Principal CIT's order, allowing the assessee's appeal and upholding the decision in favor of the assessee regarding the deduction U/s. 80P. The Tribunal emphasized the need for substantial grounds to justify the invocation of Section 263, citing legal precedents to support its decision. The issue of disallowance of provision for maintenance expenditure was dismissed as the assessee did not press this ground during the proceedings. en-us Mon, 02 May 2016 00:00:00 +0530 Thu, 02 Jun 2016 15:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328377 The Tribunal quashed the Principal CIT's order, allowing the assessee's appeal and upholding the decision in favor of the assessee regarding the deduction U/s. 80P. The Tribunal emphasized the need for substantial grounds to justify the invocation of Section 263, citing legal precedents to support its decision. The issue of disallowance of provision for maintenance expenditure was dismissed as the assessee did not press this ground during the proceedings. Case-Laws Income Tax Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328377