https://www.taxtmi.com/caselaws?id=375989 The Tribunal dismissed the appeal, affirming the Principal Commissioner's decision to set aside the assessment order and direct a re-assessment for the Assessment Year 2012-13. The appeal centered on the eligibility of deduction under section 10AA of the Income Tax Act, with the Principal Commissioner finding errors in allowing the deduction due to non-compliance with prescribed conditions. The Tribunal emphasized the significance of proper verification and compliance with statutory requirements for claiming exemptions, underscoring the need for meticulous assessment of tax liabilities. en-us Tue, 26 Feb 2019 00:00:00 +0530 Thu, 28 Feb 2019 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375989 The Tribunal dismissed the appeal, affirming the Principal Commissioner's decision to set aside the assessment order and direct a re-assessment for the Assessment Year 2012-13. The appeal centered on the eligibility of deduction under section 10AA of the Income Tax Act, with the Principal Commissioner finding errors in allowing the deduction due to non-compliance with prescribed conditions. The Tribunal emphasized the significance of proper verification and compliance with statutory requirements for claiming exemptions, underscoring the need for meticulous assessment of tax liabilities. Case-Laws Income Tax Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375989