https://www.taxtmi.com/caselaws?id=312433 ITAT Rajkot upheld Principal CIT's revision order u/s 263 regarding two issues while rejecting one. The tribunal found AO's order was not erroneous concerning deduction u/s 80P(2)(d) as the issue was examined during assessment and supported by judicial precedents including Gujarat HC. However, the order was deemed erroneous regarding delayed PF deposits and interest on income tax refunds, as AO failed to make necessary enquiries despite evidence in tax audit report. AO was directed to conduct proper enquiries on these aspects. Assessee's appeal was partly allowed. en-us Wed, 09 Aug 2023 00:00:00 +0530 Sat, 17 Feb 2024 06:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312433 ITAT Rajkot upheld Principal CIT's revision order u/s 263 regarding two issues while rejecting one. The tribunal found AO's order was not erroneous concerning deduction u/s 80P(2)(d) as the issue was examined during assessment and supported by judicial precedents including Gujarat HC. However, the order was deemed erroneous regarding delayed PF deposits and interest on income tax refunds, as AO failed to make necessary enquiries despite evidence in tax audit report. AO was directed to conduct proper enquiries on these aspects. Assessee's appeal was partly allowed. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312433