https://www.taxtmi.com/caselaws?id=411773 The tribunal overturned the Principal Commissioner of Income Tax's decision under Section 263, reinstating the assessment order. It was determined that the Assessing Officer had adequately examined the deduction claim under Section 80IB(10), verifying necessary documents. The tribunal found the assessment order to be valid, stating that the AO had conducted thorough inquiries and applied due diligence. Consequently, the appeal by the assessee was successful. en-us Mon, 16 Aug 2021 00:00:00 +0530 Fri, 03 Sep 2021 09:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411773 The tribunal overturned the Principal Commissioner of Income Tax's decision under Section 263, reinstating the assessment order. It was determined that the Assessing Officer had adequately examined the deduction claim under Section 80IB(10), verifying necessary documents. The tribunal found the assessment order to be valid, stating that the AO had conducted thorough inquiries and applied due diligence. Consequently, the appeal by the assessee was successful. Case-Laws Income Tax Mon, 16 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411773