https://www.taxtmi.com/caselaws?id=334431 The Tribunal set aside the order under Section 263 of the Income Tax Act, restoring the original assessment order as it was not erroneous or prejudicial to the revenue's interest. The Tribunal upheld the deduction under Section 80IA for the assessee, determining them as a developer eligible for the deduction. However, the Tribunal dismissed the appeals regarding the treatment of interest earned on bank FDRs and the disallowance of employees' contribution to PF. The issue of business loss claimed by the assessee was remanded to the Assessing Officer for further verification. en-us Fri, 30 Sep 2016 00:00:00 +0530 Mon, 14 Nov 2016 11:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334431 The Tribunal set aside the order under Section 263 of the Income Tax Act, restoring the original assessment order as it was not erroneous or prejudicial to the revenue's interest. The Tribunal upheld the deduction under Section 80IA for the assessee, determining them as a developer eligible for the deduction. However, the Tribunal dismissed the appeals regarding the treatment of interest earned on bank FDRs and the disallowance of employees' contribution to PF. The issue of business loss claimed by the assessee was remanded to the Assessing Officer for further verification. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334431