https://www.taxtmi.com/caselaws?id=436254 The Tribunal dismissed the order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 and allowed the appeal of the assessee. The assessment order passed by the Assessing Officer (AO) under section 143(3) was upheld as it was based on detailed inquiries and was deemed legally sound. The Tribunal found that the compliance with Form 3CL and Form 3CLA for claiming deduction under section 35(2AB) was met, and the assessment order was not considered erroneous or prejudicial to the interest of the revenue. en-us Mon, 27 Mar 2023 00:00:00 +0530 Fri, 07 Apr 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436254 The Tribunal dismissed the order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 and allowed the appeal of the assessee. The assessment order passed by the Assessing Officer (AO) under section 143(3) was upheld as it was based on detailed inquiries and was deemed legally sound. The Tribunal found that the compliance with Form 3CL and Form 3CLA for claiming deduction under section 35(2AB) was met, and the assessment order was not considered erroneous or prejudicial to the interest of the revenue. Case-Laws Income Tax Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436254