https://www.taxtmi.com/caselaws?id=325405 The Appellate Tribunal ITAT Pune ruled in favor of the assessee in a case concerning the denial of deduction u/s.80IA on profits from windmills. The primary issue was the determination of the 'initial assessment year' for claiming the deduction. The Tribunal held that the 'initial assessment year' should align with the year of first deduction claim, rejecting the AO's imposition of a different assessment year. Citing statutory provisions and recent decisions, the Tribunal allowed the appeal, affirming the assessee's eligibility to claim the deduction for the Assessment Year 2006-07. en-us Wed, 10 Feb 2016 00:00:00 +0530 Fri, 18 Mar 2016 08:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325405 The Appellate Tribunal ITAT Pune ruled in favor of the assessee in a case concerning the denial of deduction u/s.80IA on profits from windmills. The primary issue was the determination of the 'initial assessment year' for claiming the deduction. The Tribunal held that the 'initial assessment year' should align with the year of first deduction claim, rejecting the AO's imposition of a different assessment year. Citing statutory provisions and recent decisions, the Tribunal allowed the appeal, affirming the assessee's eligibility to claim the deduction for the Assessment Year 2006-07. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325405