Validity of order u/s 263 on a issue on a issue on which CIT (A) has already decided in favour of Assessee

Ld. Commissioner of Income  Tax in his notice u/s 263 dated 18.3.2014 stated that prima facie deduction claimed u/s 80IC of the Act by the assessee is not justifiable on the following grounds :-

1. Assessee is assembling and trading LCDs and it is not carrying on manufacturing of goods.

2. The unit of the assessee is not in a notified area

The assessee gave a detailed reply on 7.4.20 14, inter alia mentioning that the very same issue of claim of exemption u

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