https://www.taxtmi.com/caselaws?id=426941 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax under section 263, ruling that the initiation of proceedings was unjustified, the order was arbitrary and legally flawed, the Assessing Officer had conducted thorough verification, and the invocation of section 80IA(12A) was deemed inapplicable. The Tribunal allowed the appeal of the assessee, thereby overturning the decision of the Principal Commissioner of Income Tax. en-us Mon, 01 Aug 2022 00:00:00 +0530 Mon, 29 Aug 2022 08:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426941 The Tribunal quashed the order passed by the Principal Commissioner of Income Tax under section 263, ruling that the initiation of proceedings was unjustified, the order was arbitrary and legally flawed, the Assessing Officer had conducted thorough verification, and the invocation of section 80IA(12A) was deemed inapplicable. The Tribunal allowed the appeal of the assessee, thereby overturning the decision of the Principal Commissioner of Income Tax. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426941