https://www.taxtmi.com/caselaws?id=365191 The Tribunal quashed the Principal Commissioner of Income Tax's order under section 263 and restored the Assessing Officer's order under section 143(3), emphasizing correct application of law on weighted deduction under section 35(2AB. The Tribunal held that the Principal Commissioner misappreciated facts and law, leading to incorrect jurisdiction exercise. The appeal was allowed, focusing on factual correctness and legal requirements for deductions under the Income Tax Act. en-us Fri, 20 Jul 2018 00:00:00 +0530 Sun, 12 Aug 2018 14:36:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365191 The Tribunal quashed the Principal Commissioner of Income Tax's order under section 263 and restored the Assessing Officer's order under section 143(3), emphasizing correct application of law on weighted deduction under section 35(2AB. The Tribunal held that the Principal Commissioner misappreciated facts and law, leading to incorrect jurisdiction exercise. The appeal was allowed, focusing on factual correctness and legal requirements for deductions under the Income Tax Act. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365191