https://www.taxtmi.com/caselaws?id=342132 The ITAT upheld the CIT's revisionary order regarding the deduction u/s. 80IB(10) in the assessment, finding the AO's order erroneous for not correctly applying section 115JB. The ITAT dismissed the Assessee's appeal, emphasizing that the provisions of 80IB(10) and 115JB operate in different fields. The ITAT concluded that the CIT's directive was justified, as subsequent years' computations aligned with it, indicating the correctness of the CIT's decision. The ITAT found no merit in the Assessee's arguments and upheld the CIT's order, resulting in the dismissal of the appeal. en-us Fri, 21 Apr 2017 00:00:00 +0530 Thu, 27 Apr 2017 06:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342132 The ITAT upheld the CIT's revisionary order regarding the deduction u/s. 80IB(10) in the assessment, finding the AO's order erroneous for not correctly applying section 115JB. The ITAT dismissed the Assessee's appeal, emphasizing that the provisions of 80IB(10) and 115JB operate in different fields. The ITAT concluded that the CIT's directive was justified, as subsequent years' computations aligned with it, indicating the correctness of the CIT's decision. The ITAT found no merit in the Assessee's arguments and upheld the CIT's order, resulting in the dismissal of the appeal. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342132