https://www.taxtmi.com/caselaws?id=213301 The Tribunal allowed the assessee's appeals, ruling that the income from the Industrial Park Scheme declared in AY 04-05 and 05-06 should be exempted under section 80-IA(4)(iii) as the conditions for exemption were met before the assessment completion for those years. The Tribunal emphasized that accounting methods should not preclude statutory benefits and that subsequent events meeting exemption criteria should be recognized. en-us Fri, 24 Feb 2012 00:00:00 +0530 Wed, 16 May 2012 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213301 The Tribunal allowed the assessee's appeals, ruling that the income from the Industrial Park Scheme declared in AY 04-05 and 05-06 should be exempted under section 80-IA(4)(iii) as the conditions for exemption were met before the assessment completion for those years. The Tribunal emphasized that accounting methods should not preclude statutory benefits and that subsequent events meeting exemption criteria should be recognized. Case-Laws Income Tax Fri, 24 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213301