https://www.taxtmi.com/caselaws?id=418608 The Tribunal dismissed the Revenue's appeals against the Commissioner of Income Tax's orders for assessment years 2014-15 and 2013-14. It upheld the Commissioner's direction to calculate pro-rata deductions under section 80IB(10) of the Income Tax Act, emphasizing a liberal interpretation of the provision. The Tribunal relied on precedents supporting similar deductions despite technical violations, citing decisions of the Jurisdictional High Court and Coordinate Benches. The consistent judicial approach towards deduction provisions and legislative intent behind section 80IB(10) favored allowing deductions, leading to the dismissal of the Revenue's appeals. en-us Mon, 24 Jan 2022 00:00:00 +0530 Mon, 21 Feb 2022 08:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418608 The Tribunal dismissed the Revenue's appeals against the Commissioner of Income Tax's orders for assessment years 2014-15 and 2013-14. It upheld the Commissioner's direction to calculate pro-rata deductions under section 80IB(10) of the Income Tax Act, emphasizing a liberal interpretation of the provision. The Tribunal relied on precedents supporting similar deductions despite technical violations, citing decisions of the Jurisdictional High Court and Coordinate Benches. The consistent judicial approach towards deduction provisions and legislative intent behind section 80IB(10) favored allowing deductions, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418608