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Informative

ITAT Sets Aside PCIT’s Revision, Upholds Deduction u/s 10AA Due to Proper AO Review

Update / Judgement Date

23 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderIncome Tax

The ITAT has set aside the Principal Commissioner of Income Tax's (PCIT) revision and upheld a deduction under Section 80IA due to proper Assessing Officer (AO) review. This ruling reinforces the importance of thorough and proper review by the AO. The tribunal found that the PCIT's revision was unwarranted, as the AO had conducted a proper review of the deduction claim.