https://www.taxtmi.com/caselaws?id=404671 The application by Graphite India Limited for a deduction under section 80IA for profits from its furnace undertakings was not admitted by the Authority for Advance Rulings (AAR) due to a procedural bar. The Revenue had raised objections citing a prior notice under section 143(2) for the assessment year 2018-19, which included the specific issue of the deduction claimed under section 80IA. As the matter was already under scrutiny, the application was rejected based on the procedural bar under clause (i) of the proviso to section 245R(2). en-us Tue, 09 Feb 2021 00:00:00 +0530 Wed, 24 Mar 2021 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404671 The application by Graphite India Limited for a deduction under section 80IA for profits from its furnace undertakings was not admitted by the Authority for Advance Rulings (AAR) due to a procedural bar. The Revenue had raised objections citing a prior notice under section 143(2) for the assessment year 2018-19, which included the specific issue of the deduction claimed under section 80IA. As the matter was already under scrutiny, the application was rejected based on the procedural bar under clause (i) of the proviso to section 245R(2). Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404671