https://www.taxtmi.com/caselaws?id=274252 The HC dismissed the revenue's appeal against the ITAT's order, which allowed deductions under Section 80IA and interest on cash credit. The HC upheld the ITAT's reliance on precedent, asserting that deductions granted in an initial assessment year cannot be revoked in subsequent years. The Court found no substantial question of law, affirming the ITAT's decision and dismissing the appeal. The issue of manufacturing activities in the dairy division was not addressed, as the dismissal was based on prior judgments. The HC found no illegality in the ITAT's decision regarding the interest on cash credit. en-us Wed, 21 Nov 2007 00:00:00 +0530 Wed, 18 Dec 2024 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274252 The HC dismissed the revenue's appeal against the ITAT's order, which allowed deductions under Section 80IA and interest on cash credit. The HC upheld the ITAT's reliance on precedent, asserting that deductions granted in an initial assessment year cannot be revoked in subsequent years. The Court found no substantial question of law, affirming the ITAT's decision and dismissing the appeal. The issue of manufacturing activities in the dairy division was not addressed, as the dismissal was based on prior judgments. The HC found no illegality in the ITAT's decision regarding the interest on cash credit. Case-Laws Income Tax Wed, 21 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274252