https://www.taxtmi.com/caselaws?id=440183 The appeal was allowed for statistical purposes, directing the Ld. AO to reconsider the Supreme Court judgments and issue a fresh order under section 263/143(3) of the Income Tax Act, 1961. The case involved the eligibility of deduction under section 80IC for substantial expansion, with the Ld. AO's failure to examine the issue leading to a revision of the assessment order by the Ld. PCIT. Despite conflicting decisions from different Tribunals and Courts, the Bench emphasized the need for a thorough review and adherence to relevant legal precedents. en-us Mon, 10 Jul 2023 00:00:00 +0530 Wed, 12 Jul 2023 08:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440183 The appeal was allowed for statistical purposes, directing the Ld. AO to reconsider the Supreme Court judgments and issue a fresh order under section 263/143(3) of the Income Tax Act, 1961. The case involved the eligibility of deduction under section 80IC for substantial expansion, with the Ld. AO's failure to examine the issue leading to a revision of the assessment order by the Ld. PCIT. Despite conflicting decisions from different Tribunals and Courts, the Bench emphasized the need for a thorough review and adherence to relevant legal precedents. Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440183