https://www.taxtmi.com/caselaws?id=298077 The Tribunal set aside the order of the ld. CIT issued under section 263 of the Act, reinstating the assessment order framed under section 143(3) of the Act. The Tribunal found that the appellant's assessment was not erroneous or prejudicial to the revenue's interest. It concluded that the jurisdiction assumed under section 263 was legally flawed, considering the history of approval for deduction u/s 80IB and the absence of a requirement for SSI Unit registration. The Tribunal allowed the appeal filed by the Assessee, rejecting the alleged errors in the assessment order. en-us Fri, 09 Mar 2018 00:00:00 +0530 Sat, 09 Oct 2021 08:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298077 The Tribunal set aside the order of the ld. CIT issued under section 263 of the Act, reinstating the assessment order framed under section 143(3) of the Act. The Tribunal found that the appellant's assessment was not erroneous or prejudicial to the revenue's interest. It concluded that the jurisdiction assumed under section 263 was legally flawed, considering the history of approval for deduction u/s 80IB and the absence of a requirement for SSI Unit registration. The Tribunal allowed the appeal filed by the Assessee, rejecting the alleged errors in the assessment order. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298077