https://www.taxtmi.com/caselaws?id=406016 The court set aside the initial assessment orders for the years 2004-2005, 2005-2006, and 2006-2007, directing reconsideration of the petitioner's objections. The petitioner's eligibility for deduction under Section 80IB was upheld for 2004-2005 and 2005-2006 due to meeting the conditions. However, for 2006-2007, reassessment was justified based on fluctuating employment numbers. The court allowed the writ petitions for 2004-2005 and 2005-2006, dismissing the petition for 2006-2007 without costs, emphasizing independent assessment for that year. en-us Wed, 10 Mar 2021 00:00:00 +0530 Sat, 03 Apr 2021 08:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406016 The court set aside the initial assessment orders for the years 2004-2005, 2005-2006, and 2006-2007, directing reconsideration of the petitioner's objections. The petitioner's eligibility for deduction under Section 80IB was upheld for 2004-2005 and 2005-2006 due to meeting the conditions. However, for 2006-2007, reassessment was justified based on fluctuating employment numbers. The court allowed the writ petitions for 2004-2005 and 2005-2006, dismissing the petition for 2006-2007 without costs, emphasizing independent assessment for that year. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406016