https://www.taxtmi.com/caselaws?id=283696 The Tribunal allowed the appeal in favor of the assessee, setting aside the CIT(A)'s order and restoring that of the Assessing Officer. It emphasized the importance of a liberal interpretation of incentive provisions like section 80HHC and highlighted the statutory option of filing a revised return under section 139(5) to rectify claimed deductions. The Tribunal acknowledged the validity of creating additional reserves in subsequent years to meet statutory requirements and rejected the CIT(A)'s strict interpretation of the second proviso to section 80HHC. en-us Tue, 26 Oct 1999 00:00:00 +0530 Mon, 07 Oct 2019 18:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283696 The Tribunal allowed the appeal in favor of the assessee, setting aside the CIT(A)'s order and restoring that of the Assessing Officer. It emphasized the importance of a liberal interpretation of incentive provisions like section 80HHC and highlighted the statutory option of filing a revised return under section 139(5) to rectify claimed deductions. The Tribunal acknowledged the validity of creating additional reserves in subsequent years to meet statutory requirements and rejected the CIT(A)'s strict interpretation of the second proviso to section 80HHC. Case-Laws Income Tax Tue, 26 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283696