https://www.taxtmi.com/caselaws?id=440769 The Tribunal allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263. The Tribunal found that the assessment order was not erroneous or prejudicial to the revenue's interest. The Tribunal held that the Principal Commissioner's directions to deny deductions under Section 80P(2)(d) were incorrect, emphasizing the rule of consistency in allowing similar deductions in previous assessments. The decision was in favor of the assessee, concluding that the Principal Commissioner's actions were without jurisdiction and bad in law. en-us Mon, 10 Jul 2023 00:00:00 +0530 Wed, 26 Jul 2023 08:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440769 The Tribunal allowed the appeal of the assessee, setting aside the order passed by the Principal Commissioner of Income Tax under Section 263. The Tribunal found that the assessment order was not erroneous or prejudicial to the revenue's interest. The Tribunal held that the Principal Commissioner's directions to deny deductions under Section 80P(2)(d) were incorrect, emphasizing the rule of consistency in allowing similar deductions in previous assessments. The decision was in favor of the assessee, concluding that the Principal Commissioner's actions were without jurisdiction and bad in law. Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440769