https://www.taxtmi.com/caselaws?id=366882 The Tribunal upheld the CIT's decision to revise the assessment order under section 263 for AY 2010-11, finding the original assessment erroneous and prejudicial to revenue due to the lack of inquiry into the deduction u/s 80P(2). Despite the assessee's arguments based on judicial precedents, the Tribunal dismissed the appeal, emphasizing the need for proper examination by the AO. The CIT's revision was deemed justified, leading to the dismissal of the appeal and upholding the revised assessment order. en-us Fri, 07 Sep 2018 00:00:00 +0530 Wed, 12 Sep 2018 09:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366882 The Tribunal upheld the CIT's decision to revise the assessment order under section 263 for AY 2010-11, finding the original assessment erroneous and prejudicial to revenue due to the lack of inquiry into the deduction u/s 80P(2). Despite the assessee's arguments based on judicial precedents, the Tribunal dismissed the appeal, emphasizing the need for proper examination by the AO. The CIT's revision was deemed justified, leading to the dismissal of the appeal and upholding the revised assessment order. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366882