https://www.taxtmi.com/caselaws?id=408860 The Tribunal allowed the assessee's appeal, overturning the disallowance of Rs. 9,00,000 claimed as preliminary expenses under section 35D of the Income Tax Act. The Tribunal relied on the principle of consistency, as the deduction had been allowed in previous assessments, granting the deduction for the current assessment year as well. The order in favor of the assessee was pronounced on 21st June 2021. en-us Mon, 21 Jun 2021 00:00:00 +0530 Tue, 22 Jun 2021 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408860 The Tribunal allowed the assessee's appeal, overturning the disallowance of Rs. 9,00,000 claimed as preliminary expenses under section 35D of the Income Tax Act. The Tribunal relied on the principle of consistency, as the deduction had been allowed in previous assessments, granting the deduction for the current assessment year as well. The order in favor of the assessee was pronounced on 21st June 2021. Case-Laws Income Tax Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408860