https://www.taxtmi.com/caselaws?id=421602 The ITAT upheld the CIT(A)'s decision to delete the disallowance of deduction u/s. 80Ia on profit from the sale of steam. The ITAT emphasized consistency in decisions, noting that the AO's acceptance of steam as eligible for deduction contradicted the disallowance made on an assumption basis. Relying on legal precedents and supporting evidence, the ITAT ruled in favor of the assessee, dismissing the Revenue's appeal. The judgment highlighted the importance of consistency and upheld the CIT(A)'s reasoned order. en-us Mon, 18 Apr 2022 00:00:00 +0530 Wed, 27 Apr 2022 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421602 The ITAT upheld the CIT(A)'s decision to delete the disallowance of deduction u/s. 80Ia on profit from the sale of steam. The ITAT emphasized consistency in decisions, noting that the AO's acceptance of steam as eligible for deduction contradicted the disallowance made on an assumption basis. Relying on legal precedents and supporting evidence, the ITAT ruled in favor of the assessee, dismissing the Revenue's appeal. The judgment highlighted the importance of consistency and upheld the CIT(A)'s reasoned order. Case-Laws Income Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421602