https://www.taxtmi.com/caselaws?id=448259 The appeal challenging the revisional jurisdiction of the Principal Commissioner of Income Tax (PCIT) regarding the deduction under section 80IB(11) of the Income Tax Act, 1961, was dismissed. The court upheld the PCIT's order under section 263, finding the original assessment order erroneous and prejudicial to the revenue's interest. The PCIT's decision to direct a reassessment was confirmed, as the appellant's claim for deduction was incorrectly filed under section 80IB(11) instead of 80IB(11A), and the mistake could not be rectified under section 154. en-us Fri, 12 Jan 2024 00:00:00 +0530 Sat, 13 Jan 2024 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448259 The appeal challenging the revisional jurisdiction of the Principal Commissioner of Income Tax (PCIT) regarding the deduction under section 80IB(11) of the Income Tax Act, 1961, was dismissed. The court upheld the PCIT's order under section 263, finding the original assessment order erroneous and prejudicial to the revenue's interest. The PCIT's decision to direct a reassessment was confirmed, as the appellant's claim for deduction was incorrectly filed under section 80IB(11) instead of 80IB(11A), and the mistake could not be rectified under section 154. Case-Laws Income Tax Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448259