Held that the Assessing Officer had not dealt with the issues nor examined them while passing the assessment order. Revision is valid. The assesseee is eligible for deduction under section 80P on the profit from business and the benefit of Circular No. 37 of 2016, dated November 2, 2016.(AY. 2016-17)
Jaladurga Vss Sangha Tellaru v. PCIT (2022) 98 ITR 40 (SN)(Bang) (Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Provisions made under various heads-Assessing Officer has not examined the details-Revision is valid-Benefit of Circular-Eligible deduction. [S.80P]