https://www.taxtmi.com/caselaws?id=394613 The Tribunal quashed the Principal Commissioner of Income Tax's order under Section 263, finding that the Assessing Officer had appropriately examined the eligibility of deduction under Section 80IA for the nature of contracts, including job work by subcontractors, and apportionment of expenses. The Tribunal held that the PCIT's arguments lacked merit and failed to demonstrate any errors in the AO's assessment. As a result, the appeal of the assessee was allowed, and the PCIT's order was deemed unsustainable in law. en-us Wed, 29 Jan 2020 00:00:00 +0530 Sat, 18 Apr 2020 14:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394613 The Tribunal quashed the Principal Commissioner of Income Tax's order under Section 263, finding that the Assessing Officer had appropriately examined the eligibility of deduction under Section 80IA for the nature of contracts, including job work by subcontractors, and apportionment of expenses. The Tribunal held that the PCIT's arguments lacked merit and failed to demonstrate any errors in the AO's assessment. As a result, the appeal of the assessee was allowed, and the PCIT's order was deemed unsustainable in law. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394613