https://www.taxtmi.com/caselaws?id=59691 The tribunal partly allowed the assessee's appeal. It ruled that the CIT lacked jurisdiction under section 263 concerning the deduction under section 80-IB due to the doctrine of merger. However, the tribunal upheld the CIT's order on disallowing the interest on delayed payment and the calculation of profit under section 115JB, as these issues were not adequately addressed by the AO or CIT(A). The tribunal agreed with the assessee on the apportionment of expenses, stating that the CIT had no jurisdiction under section 263 for this issue. en-us Fri, 15 Jun 2007 00:00:00 +0530 Mon, 12 Feb 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59691 The tribunal partly allowed the assessee's appeal. It ruled that the CIT lacked jurisdiction under section 263 concerning the deduction under section 80-IB due to the doctrine of merger. However, the tribunal upheld the CIT's order on disallowing the interest on delayed payment and the calculation of profit under section 115JB, as these issues were not adequately addressed by the AO or CIT(A). The tribunal agreed with the assessee on the apportionment of expenses, stating that the CIT had no jurisdiction under section 263 for this issue. Case-Laws Income Tax Fri, 15 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59691