Notification Revoking Section 80IA Tax Deductions Upheld as CBDT Found to Have Proper Authority

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....The HC dismissed the petition challenging a notification dated March 26, 2014, which revoked an earlier approval notification from November 17, 2006, regarding deductions under Section 80IA. The court found no merit in petitioners' contention that CBDT lacked authority to issue the revocation notification. The court declined to address the substantive merits of assessment or reassessment, noting these were factual disputes inappropriate for determination at this stage. While rejecting the challenges to the notification and reassessment notices, the court directed respondents to consider petitioners' representations with due regard to the Empowered Committee meeting minutes from November 11, 2014, without being influenced by the petition's dismissal.....