Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]

Income Tax Deduction under Section 10AA was denied on sole audit objection ground, eithout presenting an independent view of PCIT
ITAT - ITAT Jaipur - Income Tax - Disallowance - Income Tax Deduction - TAXSCAN

The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) overturned the revision order issued by the Principal Commissioner of Income Tax ( PCIT ), which had disallowed Income Tax Deduction under Section 10AA of the Income Tax Act, 1961. It was also lacked independent view of the PCIT. The bench noted that…

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