https://www.taxtmi.com/caselaws?id=347064 The ITAT held that the Principal CIT's revision of assessment orders under Section 263 was not justified. The ITAT found that the AO's assessment orders were not erroneous or prejudicial to revenue as the AO followed ITAT's directions and verified the eligibility for deduction under Section 80IB(10). The ITAT emphasized that appellate authorities can consider claims not in original returns if relevant material is on record. Consequently, the ITAT set aside the Principal CIT's order and restored the AO's assessment orders for the years 2003-04 to 2008-09, allowing the assessee's appeals. en-us Fri, 07 Jul 2017 00:00:00 +0530 Mon, 28 Aug 2017 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347064 The ITAT held that the Principal CIT's revision of assessment orders under Section 263 was not justified. The ITAT found that the AO's assessment orders were not erroneous or prejudicial to revenue as the AO followed ITAT's directions and verified the eligibility for deduction under Section 80IB(10). The ITAT emphasized that appellate authorities can consider claims not in original returns if relevant material is on record. Consequently, the ITAT set aside the Principal CIT's order and restored the AO's assessment orders for the years 2003-04 to 2008-09, allowing the assessee's appeals. Case-Laws Income Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347064