https://www.taxtmi.com/caselaws?id=389872 The tribunal upheld the Principal Commissioner of Income Tax's order under section 263, finding the Assessing Officer's lack of inquiry into the deduction claim under section 80IB as erroneous and prejudicial to revenue. The tribunal emphasized the need for thorough investigations by the Assessing Officer, especially in scrutinized cases. The tribunal dismissed the appeal, directing the Assessing Officer to re-examine the deduction claim with proper verification. en-us Fri, 29 Nov 2019 00:00:00 +0530 Wed, 18 Dec 2019 15:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389872 The tribunal upheld the Principal Commissioner of Income Tax's order under section 263, finding the Assessing Officer's lack of inquiry into the deduction claim under section 80IB as erroneous and prejudicial to revenue. The tribunal emphasized the need for thorough investigations by the Assessing Officer, especially in scrutinized cases. The tribunal dismissed the appeal, directing the Assessing Officer to re-examine the deduction claim with proper verification. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389872