https://www.taxtmi.com/caselaws?id=420001 The appellant's challenge against the disallowance of deduction under Section 80IA was successful as the appellate authority set aside the assessment order, ruling that the reassessment was time-barred and audit objections cannot justify reopening assessments. However, subsequent appeals related to the reopening of assessment based on revenue audit objections were dismissed by the ITAT due to the monetary limit circular. Despite arguments regarding revenue audit objections, the courts upheld the dismissal, emphasizing the importance of adhering to procedural requirements and monetary limits in tax appeals. en-us Mon, 28 Feb 2022 00:00:00 +0530 Thu, 24 Mar 2022 09:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420001 The appellant's challenge against the disallowance of deduction under Section 80IA was successful as the appellate authority set aside the assessment order, ruling that the reassessment was time-barred and audit objections cannot justify reopening assessments. However, subsequent appeals related to the reopening of assessment based on revenue audit objections were dismissed by the ITAT due to the monetary limit circular. Despite arguments regarding revenue audit objections, the courts upheld the dismissal, emphasizing the importance of adhering to procedural requirements and monetary limits in tax appeals. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420001