https://www.taxtmi.com/caselaws?id=382742 The High Court dismissed the tax case appeals, ruling in favor of the assessee on the eligibility to claim deduction u/s 80IA and allowance of fresh claims for losses on forward contracts and provisions written back. The Court emphasized the correct assessment of tax liability and allowed the claims based on available material and inadvertent omissions, following established legal precedents like NTPC vs. CIT and Abhinitha Foundation (P) Ltd. The judgment highlighted the importance of accurate tax assessment and supported the assessee's position, ultimately rejecting the Revenue's appeals. en-us Fri, 14 Jun 2019 00:00:00 +0530 Tue, 09 Jul 2019 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382742 The High Court dismissed the tax case appeals, ruling in favor of the assessee on the eligibility to claim deduction u/s 80IA and allowance of fresh claims for losses on forward contracts and provisions written back. The Court emphasized the correct assessment of tax liability and allowed the claims based on available material and inadvertent omissions, following established legal precedents like NTPC vs. CIT and Abhinitha Foundation (P) Ltd. The judgment highlighted the importance of accurate tax assessment and supported the assessee's position, ultimately rejecting the Revenue's appeals. Case-Laws Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382742