https://www.taxtmi.com/caselaws?id=422961 The ITAT Kolkata upheld the CIT(A)'s decision to allow the deduction u/s 80IB of the Income Tax Act for the assessment year 2011-12. The ITAT emphasized that once a deduction is allowed in the initial year, the revenue cannot deny it in subsequent years. Referring to past cases, the ITAT dismissed the revenue's appeal, affirming the CIT(A)'s ruling. The appeal was dismissed, and the order was pronounced on 13th May 2022. en-us Fri, 13 May 2022 00:00:00 +0530 Wed, 25 May 2022 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422961 The ITAT Kolkata upheld the CIT(A)'s decision to allow the deduction u/s 80IB of the Income Tax Act for the assessment year 2011-12. The ITAT emphasized that once a deduction is allowed in the initial year, the revenue cannot deny it in subsequent years. Referring to past cases, the ITAT dismissed the revenue's appeal, affirming the CIT(A)'s ruling. The appeal was dismissed, and the order was pronounced on 13th May 2022. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422961