https://www.taxtmi.com/caselaws?id=56510 The Tribunal set aside and quashed the CIT(C)'s order under section 263 of the Income-tax Act, concluding that the CIT(C) wrongly exercised jurisdiction and the assessment orders for the years 1987-88, 1988-89, and 1989-90 were valid. The Tribunal reinstated the regular assessment orders, determining that the CIT(C) had not properly scrutinized the seized material and had incorrectly disallowed deductions under sections 80HH and 80HHA. Additionally, the Tribunal found that the initiation of penalty proceedings under section 271(1)(c) was not warranted, ultimately ruling in favor of the assessee. en-us Fri, 15 Feb 2002 00:00:00 +0530 Sat, 04 Dec 2010 11:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56510 The Tribunal set aside and quashed the CIT(C)'s order under section 263 of the Income-tax Act, concluding that the CIT(C) wrongly exercised jurisdiction and the assessment orders for the years 1987-88, 1988-89, and 1989-90 were valid. The Tribunal reinstated the regular assessment orders, determining that the CIT(C) had not properly scrutinized the seized material and had incorrectly disallowed deductions under sections 80HH and 80HHA. Additionally, the Tribunal found that the initiation of penalty proceedings under section 271(1)(c) was not warranted, ultimately ruling in favor of the assessee. Case-Laws Income Tax Fri, 15 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56510