https://www.taxtmi.com/caselaws?id=757477 The Tribunal ruled in favor of the assessee, determining that the Assessing Officer had conducted adequate inquiries regarding the deduction under Section 80P(2)(d) during the assessment proceedings. The Tribunal found the invocation of Section 263 by the PCIT unjustified, as the original assessment was neither erroneous nor prejudicial to revenue. The appeal was allowed, and the original assessment order was upheld. en-us Fri, 23 Aug 2024 00:00:00 +0530 Tue, 27 Aug 2024 08:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757477 The Tribunal ruled in favor of the assessee, determining that the Assessing Officer had conducted adequate inquiries regarding the deduction under Section 80P(2)(d) during the assessment proceedings. The Tribunal found the invocation of Section 263 by the PCIT unjustified, as the original assessment was neither erroneous nor prejudicial to revenue. The appeal was allowed, and the original assessment order was upheld. Case-Laws Income Tax Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757477