https://www.taxtmi.com/caselaws?id=410710 The Tribunal dismissed the Revenue's appeal challenging the deletion of an addition under Section 80IA(4) of the Income Tax Act. The Tribunal upheld the allowance of deduction under Section 80IA, citing consistency with previous Tribunal decisions. Despite the Revenue's objections, the Tribunal affirmed the relief granted by the Ld. CIT(A) based on past rulings. The Tribunal also upheld the Ld. CIT(A)'s decision regarding the interpretation of the explanation to Section 80IA introduced by the Finance Act 2009. Ultimately, the Tribunal upheld the Ld. CIT(A)'s decision to allow the deduction claimed under Section 80IA, leading to the dismissal of the Revenue's appeal. en-us Tue, 03 Aug 2021 00:00:00 +0530 Sat, 07 Aug 2021 08:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410710 The Tribunal dismissed the Revenue's appeal challenging the deletion of an addition under Section 80IA(4) of the Income Tax Act. The Tribunal upheld the allowance of deduction under Section 80IA, citing consistency with previous Tribunal decisions. Despite the Revenue's objections, the Tribunal affirmed the relief granted by the Ld. CIT(A) based on past rulings. The Tribunal also upheld the Ld. CIT(A)'s decision regarding the interpretation of the explanation to Section 80IA introduced by the Finance Act 2009. Ultimately, the Tribunal upheld the Ld. CIT(A)'s decision to allow the deduction claimed under Section 80IA, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410710