https://www.taxtmi.com/caselaws?id=366558 The High Court ruled in favor of the Assessee in a case challenging the Commissioner of Income Tax's order under Section 263 of the Income Tax Act regarding deduction under Section 80-IA for Assessment Year 1995-1996. The Court found that the Commissioner's actions were not justified as the Assessing Officer had already considered all aspects before allowing the deduction. The Court highlighted that the Commissioner could not substitute his views without proper justification, affirming the substantial question of law against the Revenue. The Appeal was disposed of with no order as to costs. en-us Tue, 04 Sep 2018 00:00:00 +0530 Thu, 06 Sep 2018 10:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366558 The High Court ruled in favor of the Assessee in a case challenging the Commissioner of Income Tax's order under Section 263 of the Income Tax Act regarding deduction under Section 80-IA for Assessment Year 1995-1996. The Court found that the Commissioner's actions were not justified as the Assessing Officer had already considered all aspects before allowing the deduction. The Court highlighted that the Commissioner could not substitute his views without proper justification, affirming the substantial question of law against the Revenue. The Appeal was disposed of with no order as to costs. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366558