https://www.taxtmi.com/caselaws?id=411756 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under section 263, affirming the Assessing Officer's (AO) reasonable view and due verification. The appeal of the assessee was allowed, confirming eligibility for deduction under section 80IA(4). The Tribunal found the assessee fulfilled conditions specified under section 80IA(4) and that the issue of developer versus works contractor was debatable. The AO's view was considered plausible, leading to the conclusion that the order could not be revised under section 263. en-us Tue, 31 Aug 2021 00:00:00 +0530 Thu, 02 Sep 2021 09:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411756 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax (Pr. CIT) under section 263, affirming the Assessing Officer's (AO) reasonable view and due verification. The appeal of the assessee was allowed, confirming eligibility for deduction under section 80IA(4). The Tribunal found the assessee fulfilled conditions specified under section 80IA(4) and that the issue of developer versus works contractor was debatable. The AO's view was considered plausible, leading to the conclusion that the order could not be revised under section 263. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411756