https://www.taxtmi.com/caselaws?id=305030 The appeal was dismissed as the court found that the Principal Commissioner's exercise of power under Section 263 was not justified. The court also determined that the conditions for deduction under Section 80IB(10) were met by the assessee. Consequently, the court held that the assumption of jurisdiction under Section 263 was not sustainable, leading to the dismissal of the appeal and the corresponding stay application. en-us Wed, 06 Apr 2022 00:00:00 +0530 Fri, 11 Nov 2022 08:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305030 The appeal was dismissed as the court found that the Principal Commissioner's exercise of power under Section 263 was not justified. The court also determined that the conditions for deduction under Section 80IB(10) were met by the assessee. Consequently, the court held that the assumption of jurisdiction under Section 263 was not sustainable, leading to the dismissal of the appeal and the corresponding stay application. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305030