https://www.taxtmi.com/caselaws?id=262594 The Court upheld the Tribunal's decision regarding the initial assessment year for availing benefits under Section 80IA of the Income Tax Act. It found that the assessment year 1999-2000 was appropriate as the business started functioning in the relevant previous year. The Court emphasized adherence to statutory definitions and the need for timely rectification of errors in administrative decisions. The appeal was dismissed, affirming the Tribunal's determination. en-us Thu, 30 Jul 2015 00:00:00 +0530 Sat, 07 Nov 2015 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262594 The Court upheld the Tribunal's decision regarding the initial assessment year for availing benefits under Section 80IA of the Income Tax Act. It found that the assessment year 1999-2000 was appropriate as the business started functioning in the relevant previous year. The Court emphasized adherence to statutory definitions and the need for timely rectification of errors in administrative decisions. The appeal was dismissed, affirming the Tribunal's determination. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262594