https://www.taxtmi.com/caselaws?id=352025 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision allowing the deduction under section 80IA to the assessee who had set up a windmill. The Tribunal rejected the revenue's challenge, emphasizing the well-reasoned decision based on legal precedents, including a Madras High Court judgment and ITAT decisions. The interpretation of "initial assessment year" was also in favor of the assessee, aligning with the Madras High Court judgment and CBDT Circular. The Tribunal emphasized consistency in legal interpretation and application across similar cases, dismissing the revenue's grounds and affirming the Commissioner's findings. en-us Wed, 01 Nov 2017 00:00:00 +0530 Wed, 06 Dec 2017 08:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352025 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision allowing the deduction under section 80IA to the assessee who had set up a windmill. The Tribunal rejected the revenue's challenge, emphasizing the well-reasoned decision based on legal precedents, including a Madras High Court judgment and ITAT decisions. The interpretation of "initial assessment year" was also in favor of the assessee, aligning with the Madras High Court judgment and CBDT Circular. The Tribunal emphasized consistency in legal interpretation and application across similar cases, dismissing the revenue's grounds and affirming the Commissioner's findings. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352025