https://www.taxtmi.com/caselaws?id=404178 The Tribunal quashed the revisional orders by the Pr. CIT for AY 2015-16 and AY 2016-17, allowing the assessee's appeals. It held that the AO's decision to allow the deduction under Section 80P(2)(d) was one of the plausible legal views. The Tribunal emphasized that when two views are possible, the AO's choice cannot be revised merely because the Pr. CIT disagrees. The Tribunal's decision relied on established judicial principles, confirming that the AO's order was neither erroneous nor prejudicial to the revenue's interest. The Tribunal's order was pronounced on 12th February 2021. en-us Fri, 12 Feb 2021 00:00:00 +0530 Tue, 29 Oct 2024 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404178 The Tribunal quashed the revisional orders by the Pr. CIT for AY 2015-16 and AY 2016-17, allowing the assessee's appeals. It held that the AO's decision to allow the deduction under Section 80P(2)(d) was one of the plausible legal views. The Tribunal emphasized that when two views are possible, the AO's choice cannot be revised merely because the Pr. CIT disagrees. The Tribunal's decision relied on established judicial principles, confirming that the AO's order was neither erroneous nor prejudicial to the revenue's interest. The Tribunal's order was pronounced on 12th February 2021. Case-Laws Income Tax Fri, 12 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404178