https://www.taxtmi.com/caselaws?id=359942 The Tribunal ruled in favor of the assessee, quashing the orders passed by the Principal Commissioner of Income Tax under Section 263. It held that the Assessing Officer's orders allowing deductions under Section 80IA(4) were not erroneous or prejudicial to revenue. The Tribunal emphasized that the AO's decisions were based on permissible views under the law and cited the importance of consistency in allowing deductions across assessment years. As a result, the assessee's appeals for the relevant assessment years were allowed. en-us Wed, 02 May 2018 00:00:00 +0530 Fri, 04 May 2018 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359942 The Tribunal ruled in favor of the assessee, quashing the orders passed by the Principal Commissioner of Income Tax under Section 263. It held that the Assessing Officer's orders allowing deductions under Section 80IA(4) were not erroneous or prejudicial to revenue. The Tribunal emphasized that the AO's decisions were based on permissible views under the law and cited the importance of consistency in allowing deductions across assessment years. As a result, the assessee's appeals for the relevant assessment years were allowed. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359942