https://www.taxtmi.com/caselaws?id=294498 The Tribunal set aside the CIT's order passed under section 263 of the Income-tax Act, 1961 regarding deduction under section 35(2AB) for the assessment year 2011-12. The Tribunal found the CIT's decision to be incorrect as the Assessing Officer had indeed examined the deduction claim, contrary to the assessee's submission. The matter was remitted back to the CIT for fresh consideration, emphasizing the importance of a thorough examination of the claim. The appeal was allowed for statistical purposes, ensuring the assessee a reasonable opportunity to present their case. en-us Tue, 24 Apr 2018 00:00:00 +0530 Sun, 18 Apr 2021 20:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294498 The Tribunal set aside the CIT's order passed under section 263 of the Income-tax Act, 1961 regarding deduction under section 35(2AB) for the assessment year 2011-12. The Tribunal found the CIT's decision to be incorrect as the Assessing Officer had indeed examined the deduction claim, contrary to the assessee's submission. The matter was remitted back to the CIT for fresh consideration, emphasizing the importance of a thorough examination of the claim. The appeal was allowed for statistical purposes, ensuring the assessee a reasonable opportunity to present their case. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294498