https://www.taxtmi.com/caselaws?id=433222 The Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax's (PCIT) order under Section 263, finding the Assessing Officer's (AO) failure to investigate multiple flat allotments and verify Section 80IB(10)(f) conditions as prejudicial to Revenue. The ITAT confirmed the PCIT's directive for a de novo assessment to assess the deduction claimed under Section 80IB, dismissing the assessee's appeal and deeming the original assessment erroneous. en-us Mon, 16 Jan 2023 00:00:00 +0530 Fri, 20 Jan 2023 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433222 The Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax's (PCIT) order under Section 263, finding the Assessing Officer's (AO) failure to investigate multiple flat allotments and verify Section 80IB(10)(f) conditions as prejudicial to Revenue. The ITAT confirmed the PCIT's directive for a de novo assessment to assess the deduction claimed under Section 80IB, dismissing the assessee's appeal and deeming the original assessment erroneous. Case-Laws Income Tax Mon, 16 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433222