https://www.taxtmi.com/caselaws?id=422960 The Tribunal allowed the appeals, quashing the Pr.CIT's orders under Section 263. The assessment orders were upheld as no incriminating material was found during the search to justify denial of the deduction under Section 80IB. The Tribunal emphasized that the Pr.CIT cannot direct disallowance without incriminating evidence. en-us Fri, 13 May 2022 00:00:00 +0530 Wed, 25 May 2022 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422960 The Tribunal allowed the appeals, quashing the Pr.CIT's orders under Section 263. The assessment orders were upheld as no incriminating material was found during the search to justify denial of the deduction under Section 80IB. The Tribunal emphasized that the Pr.CIT cannot direct disallowance without incriminating evidence. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422960