https://www.taxtmi.com/caselaws?id=392386 A notice issued under section 143(2) on the original return remained valid after a revised return, because the assessment had already been validly initiated and no fresh notice was required. Weighted deduction under section 35(2AB) depended on timely initiation of the approval process: it was denied for the year where the application was made after the year ended, but allowed where the application was filed within the relevant year and approval followed later. For section 80IA(5), eligible profits could not be reduced by notional re-set-off of losses already absorbed elsewhere. Interest-free advances to an associated enterprise required arm's length determination under transfer pricing rules. Deduction under section 10B was upheld despite earlier years' losses and a Form 3CD omission. en-us Thu, 06 Feb 2020 00:00:00 +0530 Tue, 18 Feb 2020 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392386 A notice issued under section 143(2) on the original return remained valid after a revised return, because the assessment had already been validly initiated and no fresh notice was required. Weighted deduction under section 35(2AB) depended on timely initiation of the approval process: it was denied for the year where the application was made after the year ended, but allowed where the application was filed within the relevant year and approval followed later. For section 80IA(5), eligible profits could not be reduced by notional re-set-off of losses already absorbed elsewhere. Interest-free advances to an associated enterprise required arm's length determination under transfer pricing rules. Deduction under section 10B was upheld despite earlier years' losses and a Form 3CD omission. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392386