https://www.taxtmi.com/caselaws?id=418328 The Tribunal upheld the order of the Commissioner of Income Tax (Appeals) in favor of the assessee, dismissing the Revenue's appeal. The dispute centered on the justification of deleting the disallowance by the Assessing Officer concerning the deduction claimed under section 80IA(4) of the Income Tax Act. The Tribunal found that legal precedents from the High Court of Bombay and the Supreme Court supported the assessee's entitlement to the deduction, concluding that the CIT(A)'s decision was justified. Consequently, the Revenue's grounds were dismissed, and their appeal was rejected. en-us Fri, 11 Feb 2022 00:00:00 +0530 Mon, 14 Feb 2022 11:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418328 The Tribunal upheld the order of the Commissioner of Income Tax (Appeals) in favor of the assessee, dismissing the Revenue's appeal. The dispute centered on the justification of deleting the disallowance by the Assessing Officer concerning the deduction claimed under section 80IA(4) of the Income Tax Act. The Tribunal found that legal precedents from the High Court of Bombay and the Supreme Court supported the assessee's entitlement to the deduction, concluding that the CIT(A)'s decision was justified. Consequently, the Revenue's grounds were dismissed, and their appeal was rejected. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418328