https://www.taxtmi.com/caselaws?id=418037 The High Court dismissed the revenue's appeal against the Income Tax Appellate Tribunal's decision regarding deduction claimed under Section 80IB of the Income Tax Act, 1961. The Court upheld the Tribunal's allowance of a higher deduction amount than initially permitted by the Assessing Officer. Additionally, in a related judgment for a different assessment year, the Court addressed various legal issues raised by the revenue, ultimately ruling against the revenue and emphasizing the importance of consistency and adherence to legal principles in tax matters. en-us Wed, 02 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418037 The High Court dismissed the revenue's appeal against the Income Tax Appellate Tribunal's decision regarding deduction claimed under Section 80IB of the Income Tax Act, 1961. The Court upheld the Tribunal's allowance of a higher deduction amount than initially permitted by the Assessing Officer. Additionally, in a related judgment for a different assessment year, the Court addressed various legal issues raised by the revenue, ultimately ruling against the revenue and emphasizing the importance of consistency and adherence to legal principles in tax matters. Case-Laws Income Tax Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418037