https://www.taxtmi.com/caselaws?id=188331 The ITAT Pune upheld the CIT(A)'s decision, dismissing the Revenue's appeal and confirming the allowance of the deduction under Section 80IA(4)(iv)(a) for the assessee. The judgment reaffirmed the consistent interpretation of the 'initial assessment year' for claiming deductions under Section 80IA(4)(iv)(a), aligning with previous decisions and judicial precedents. The ruling emphasized the treatment of losses and profits concerning eligible business activities, providing clarity on the application of relevant provisions and upholding the assessee's entitlement to the claimed deduction. en-us Wed, 17 Feb 2016 00:00:00 +0530 Fri, 25 Nov 2016 18:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188331 The ITAT Pune upheld the CIT(A)'s decision, dismissing the Revenue's appeal and confirming the allowance of the deduction under Section 80IA(4)(iv)(a) for the assessee. The judgment reaffirmed the consistent interpretation of the 'initial assessment year' for claiming deductions under Section 80IA(4)(iv)(a), aligning with previous decisions and judicial precedents. The ruling emphasized the treatment of losses and profits concerning eligible business activities, providing clarity on the application of relevant provisions and upholding the assessee's entitlement to the claimed deduction. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188331