https://www.taxtmi.com/caselaws?id=276359 The Tribunal upheld the assessee's position in both issues. Regarding Section 80IA(5), it held that the initial assessment year for deduction purposes is the year the assessee chooses to claim the deduction, not necessarily the first year of operation. Concerning Section 14A, the Tribunal confirmed that disallowance is not applicable when no exempt income is earned, aligning with judicial precedents and legislative intent. The Revenue's appeals were dismissed on both matters. en-us Thu, 22 Jan 2015 00:00:00 +0530 Thu, 08 Nov 2018 10:58:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276359 The Tribunal upheld the assessee's position in both issues. Regarding Section 80IA(5), it held that the initial assessment year for deduction purposes is the year the assessee chooses to claim the deduction, not necessarily the first year of operation. Concerning Section 14A, the Tribunal confirmed that disallowance is not applicable when no exempt income is earned, aligning with judicial precedents and legislative intent. The Revenue's appeals were dismissed on both matters. Case-Laws Income Tax Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276359