https://www.taxtmi.com/caselaws?id=392590 The Tribunal allowed all three appeals for statistical purposes, remitting the matters back to the CIT(A) for fresh adjudication on merits. It emphasized that claims under section 80IB(10) should be assessed based on merits and not solely on procedural grounds. The Tribunal found in favor of the assessee firm regarding denial of deduction under section 80IB(10), disallowance of "Cost of Right Release Expense," and addition under section 68 of the Income Tax Act, directing reconsideration of these issues. en-us Wed, 19 Feb 2020 00:00:00 +0530 Mon, 24 Feb 2020 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392590 The Tribunal allowed all three appeals for statistical purposes, remitting the matters back to the CIT(A) for fresh adjudication on merits. It emphasized that claims under section 80IB(10) should be assessed based on merits and not solely on procedural grounds. The Tribunal found in favor of the assessee firm regarding denial of deduction under section 80IB(10), disallowance of "Cost of Right Release Expense," and addition under section 68 of the Income Tax Act, directing reconsideration of these issues. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392590