https://www.taxtmi.com/caselaws?id=191390 The Tribunal upheld the Director of Income-Tax's invocation of Section 263, finding the Assessing Officer's failure to properly examine the deduction claim under Section 80-IB(9) as erroneous and prejudicial to Revenue's interests. The Tribunal agreed that the assessment order lacked scrutiny and application of mind, justifying the revision under Section 263. The appeal was dismissed, affirming the Director's order and emphasizing the necessity for thorough examination and compliance with tax provisions to avoid prejudicing Revenue's interests. en-us Thu, 20 Dec 2012 00:00:00 +0530 Tue, 12 Jun 2018 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191390 The Tribunal upheld the Director of Income-Tax's invocation of Section 263, finding the Assessing Officer's failure to properly examine the deduction claim under Section 80-IB(9) as erroneous and prejudicial to Revenue's interests. The Tribunal agreed that the assessment order lacked scrutiny and application of mind, justifying the revision under Section 263. The appeal was dismissed, affirming the Director's order and emphasizing the necessity for thorough examination and compliance with tax provisions to avoid prejudicing Revenue's interests. Case-Laws Income Tax Thu, 20 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191390