https://www.taxtmi.com/caselaws?id=427032 The Tribunal allowed the appeal, quashing the order under section 263 of the Income Tax Act, 1961, emphasizing that initiating proceedings solely on an audit objection was unjustified. The Tribunal upheld the deduction claim under section 80IC, noting the Assessing Officer's proper consideration despite Revenue objections. en-us Mon, 22 Aug 2022 00:00:00 +0530 Tue, 30 Aug 2022 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427032 The Tribunal allowed the appeal, quashing the order under section 263 of the Income Tax Act, 1961, emphasizing that initiating proceedings solely on an audit objection was unjustified. The Tribunal upheld the deduction claim under section 80IC, noting the Assessing Officer's proper consideration despite Revenue objections. Case-Laws Income Tax Mon, 22 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427032