https://www.taxtmi.com/caselaws?id=430453 The Tribunal allowed the appeals filed by the assessee, setting aside the orders passed by the CIT(A) for the relevant assessment years. It directed the Assessing Officer to grant the deductions claimed under Section 80P(2)(d) after verifying the facts. The Tribunal found procedural lapses, including the failure to provide opportunities to counter assertions and to be heard through virtual or personal modes. It also highlighted the need for speaking orders and concluded that the determination of tax liability and levying of interest under Sections 234B and 234C required reassessment. en-us Tue, 01 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430453 The Tribunal allowed the appeals filed by the assessee, setting aside the orders passed by the CIT(A) for the relevant assessment years. It directed the Assessing Officer to grant the deductions claimed under Section 80P(2)(d) after verifying the facts. The Tribunal found procedural lapses, including the failure to provide opportunities to counter assertions and to be heard through virtual or personal modes. It also highlighted the need for speaking orders and concluded that the determination of tax liability and levying of interest under Sections 234B and 234C required reassessment. Case-Laws Income Tax Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430453