https://www.taxtmi.com/caselaws?id=352042 For deduction under Section 80-IA of the Income-tax Act, the small-scale undertaking eligibility condition is tested with reference to the initial assessment year, not by reapplying the condition in every successive year. The Court followed its earlier binding common judgment on the same issue and held that once the condition is satisfied in the initial year, the deduction is not denied merely because the condition is not separately examined in later years. The Revenue's challenge was therefore rejected, and the issue was decided in favour of the assessee. en-us Thu, 30 Nov 2017 00:00:00 +0530 Wed, 06 Dec 2017 08:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352042 For deduction under Section 80-IA of the Income-tax Act, the small-scale undertaking eligibility condition is tested with reference to the initial assessment year, not by reapplying the condition in every successive year. The Court followed its earlier binding common judgment on the same issue and held that once the condition is satisfied in the initial year, the deduction is not denied merely because the condition is not separately examined in later years. The Revenue's challenge was therefore rejected, and the issue was decided in favour of the assessee. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352042