https://www.taxtmi.com/caselaws?id=240744 The Tribunal dismissed Revenue's appeals against CIT(A) orders for assessment years 2004-05, 2006-07, and 2008-09, upholding the allowance of deduction u/s. 10A for the assessee. The dispute arose from the use of old machineries transferred from a sister concern, initially disallowed by the AO but later permitted by the CIT(A). Relying on precedent and the principle of continuity, the Tribunal affirmed the CIT(A)'s decision, emphasizing that once a deduction is granted in the initial year, it should continue unless circumstances change. en-us Thu, 31 Jan 2013 00:00:00 +0530 Wed, 11 Dec 2013 09:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240744 The Tribunal dismissed Revenue's appeals against CIT(A) orders for assessment years 2004-05, 2006-07, and 2008-09, upholding the allowance of deduction u/s. 10A for the assessee. The dispute arose from the use of old machineries transferred from a sister concern, initially disallowed by the AO but later permitted by the CIT(A). Relying on precedent and the principle of continuity, the Tribunal affirmed the CIT(A)'s decision, emphasizing that once a deduction is granted in the initial year, it should continue unless circumstances change. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240744