https://www.taxtmi.com/caselaws?id=360289 The High Court of Calcutta dismissed the appeal in a case involving a corporate body engaged in computer training and software development seeking deduction under section 10A of the Income Tax Act for profit from project exports. The Assessing Officer reduced the exemption under section 10A based on a supplementary auditor's report on unrealized amounts against project exports. The Court affirmed the AO's jurisdiction in reassessment proceedings, distinguishing between review and reassessment powers as per the Sun Engineering and Kelvinator cases, and clarified the nature of the intimation under section 143(1) compared to an assessment order. en-us Fri, 11 May 2018 00:00:00 +0530 Mon, 14 May 2018 06:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360289 The High Court of Calcutta dismissed the appeal in a case involving a corporate body engaged in computer training and software development seeking deduction under section 10A of the Income Tax Act for profit from project exports. The Assessing Officer reduced the exemption under section 10A based on a supplementary auditor's report on unrealized amounts against project exports. The Court affirmed the AO's jurisdiction in reassessment proceedings, distinguishing between review and reassessment powers as per the Sun Engineering and Kelvinator cases, and clarified the nature of the intimation under section 143(1) compared to an assessment order. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360289