https://www.taxtmi.com/caselaws?id=329144 The court dismissed both tax appeals, affirming that the Income Tax Appellate Tribunal was correct in holding that the revenue cannot deny the deduction under Section 80IB(8A) once the prescribed authority grants approval. The Assessing Officer's power is limited to verifying that the income claimed for deduction arises from eligible business activities, without questioning the prescribed authority's approval. en-us Thu, 16 Jun 2016 00:00:00 +0530 Wed, 22 Jun 2016 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329144 The court dismissed both tax appeals, affirming that the Income Tax Appellate Tribunal was correct in holding that the revenue cannot deny the deduction under Section 80IB(8A) once the prescribed authority grants approval. The Assessing Officer's power is limited to verifying that the income claimed for deduction arises from eligible business activities, without questioning the prescribed authority's approval. Case-Laws Income Tax Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329144