https://www.taxtmi.com/caselaws?id=285138 The Tribunal allowed the appeal, setting aside the CIT's order under Section 263 concerning denial of exemption u/s 10A for Assessment Year 2007-08. The Tribunal found that the original assessment had adequately considered the deduction u/s 10A, rendering the CIT's order a mere second opinion without prejudicing revenue interests. The Tribunal's decision clarified the permissible extent of review under Section 263 and upheld the Assessing Officer's original order, ultimately ruling in favor of the assessee. en-us Thu, 27 Dec 2018 00:00:00 +0530 Sat, 28 Dec 2019 09:54:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285138 The Tribunal allowed the appeal, setting aside the CIT's order under Section 263 concerning denial of exemption u/s 10A for Assessment Year 2007-08. The Tribunal found that the original assessment had adequately considered the deduction u/s 10A, rendering the CIT's order a mere second opinion without prejudicing revenue interests. The Tribunal's decision clarified the permissible extent of review under Section 263 and upheld the Assessing Officer's original order, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285138