AO was justified in initiating reassessment proceedings if excess claim was raised u/s. 80-IB

IT : Where in case of assessee engaged in construction related activities, assessment was completed under section 143(3), in view of fact that AO subsequently noted that assessee did not deduct interest on partner's capital and remuneration to working partners while computing amount of net profit which resulted in allowing excess deduction under section 80-IB(10), he was justified in initiating reassessment proceedings

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