https://www.taxtmi.com/caselaws?id=356098 The case involved issues concerning deductions under Section 80IA, disallowance under Section 40(a)(ia), and deduction under Section 80IA on amounts disallowed under Section 43B. The Commissioner of Income Tax (Appeals) favored the assessee on the Section 80IA issue, remitting the matter back to the Assessing Officer for verification. However, the disallowances under Section 40(a)(ia) were not upheld due to a Supreme Court ruling, leading to a remittance for re-examination. The deduction under Section 80IA on disallowed amounts under Section 43B was allowed, emphasizing that disallowed amounts increase business profits. The appeals and cross-objections were partly allowed, with directions for further examination by the Assessing Officer. en-us Fri, 16 Feb 2018 00:00:00 +0530 Sat, 24 Feb 2018 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356098 The case involved issues concerning deductions under Section 80IA, disallowance under Section 40(a)(ia), and deduction under Section 80IA on amounts disallowed under Section 43B. The Commissioner of Income Tax (Appeals) favored the assessee on the Section 80IA issue, remitting the matter back to the Assessing Officer for verification. However, the disallowances under Section 40(a)(ia) were not upheld due to a Supreme Court ruling, leading to a remittance for re-examination. The deduction under Section 80IA on disallowed amounts under Section 43B was allowed, emphasizing that disallowed amounts increase business profits. The appeals and cross-objections were partly allowed, with directions for further examination by the Assessing Officer. Case-Laws Income Tax Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356098