https://www.taxtmi.com/caselaws?id=395939 The Tribunal quashed the reassessment proceedings and disallowance under Section 40(a)(ia) of the Income Tax Act, 1961, deeming them invalid due to reliance on an internal audit objection and initiation beyond the four-year limitation without new material. Consequently, the denial of deduction under Section 10A was also invalidated. en-us Wed, 27 May 2020 00:00:00 +0530 Wed, 06 Nov 2024 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395939 The Tribunal quashed the reassessment proceedings and disallowance under Section 40(a)(ia) of the Income Tax Act, 1961, deeming them invalid due to reliance on an internal audit objection and initiation beyond the four-year limitation without new material. Consequently, the denial of deduction under Section 10A was also invalidated. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395939