https://www.taxtmi.com/caselaws?id=294784 The Tribunal set aside the Commissioner of Income Tax-II, Madurai's order under section 263 of the Income Tax Act for the assessment year 2008-09. The Tribunal found that the assessee did not claim deduction under section 10B as per the assessment order and deemed the Commissioner's reasons for review as non-specific and lacking basis. Legal precedents cited by the Revenue were considered inapplicable. Consequently, the Tribunal allowed the assessee's appeal, stating that the Commissioner's order was non-speaking and lacked valid reasons. en-us Wed, 30 Oct 2013 00:00:00 +0530 Mon, 03 May 2021 18:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294784 The Tribunal set aside the Commissioner of Income Tax-II, Madurai's order under section 263 of the Income Tax Act for the assessment year 2008-09. The Tribunal found that the assessee did not claim deduction under section 10B as per the assessment order and deemed the Commissioner's reasons for review as non-specific and lacking basis. Legal precedents cited by the Revenue were considered inapplicable. Consequently, the Tribunal allowed the assessee's appeal, stating that the Commissioner's order was non-speaking and lacked valid reasons. Case-Laws Income Tax Wed, 30 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294784