https://www.taxtmi.com/caselaws?id=346588 Section 80IA/80IB deduction, once allowed in the initial assessment year, continues for the prescribed period for subsequent eligible years unless that initial allowance is withdrawn or the factual basis for eligibility changes. The Bombay High Court treated the fact that the first allowance was granted under Section 143(1) as immaterial because the decisive question was whether the initial-year relief had been displaced. As there was no change in the manufacturing activity and no withdrawal of the earlier benefit, the Revenue could not deny the deduction in later years. The issue was therefore answered in favour of the assessee. en-us Wed, 12 Jul 2017 00:00:00 +0530 Sat, 19 Aug 2017 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346588 Section 80IA/80IB deduction, once allowed in the initial assessment year, continues for the prescribed period for subsequent eligible years unless that initial allowance is withdrawn or the factual basis for eligibility changes. The Bombay High Court treated the fact that the first allowance was granted under Section 143(1) as immaterial because the decisive question was whether the initial-year relief had been displaced. As there was no change in the manufacturing activity and no withdrawal of the earlier benefit, the Revenue could not deny the deduction in later years. The issue was therefore answered in favour of the assessee. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346588