https://www.taxtmi.com/caselaws?id=406344 The Tribunal quashed the CIT's order under section 263, ruling that the AO's assessment was not erroneous and aligned with the legal interpretation of section 80IC. The appeal of the assessee was allowed, emphasizing the significance of thorough verification and review of existing records before revising an assessment order. en-us Fri, 09 Apr 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406344 The Tribunal quashed the CIT's order under section 263, ruling that the AO's assessment was not erroneous and aligned with the legal interpretation of section 80IC. The appeal of the assessee was allowed, emphasizing the significance of thorough verification and review of existing records before revising an assessment order. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406344