https://www.taxtmi.com/caselaws?id=441834 The appeal was allowed for statistical purposes, with directions for the AO to verify the turnover and apply the correct tax rate. The Tribunal found the denial of deduction claim under Section 10AA to be a gross violation of natural justice and jurisdiction, deeming the disallowance void ab initio. The Tribunal emphasized that once a deduction is allowed in the initial year, it cannot be withdrawn in subsequent years without disturbing the initial allowance. The order was pronounced on the 10th day of July, 2023. en-us Mon, 10 Jul 2023 00:00:00 +0530 Fri, 18 Aug 2023 08:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441834 The appeal was allowed for statistical purposes, with directions for the AO to verify the turnover and apply the correct tax rate. The Tribunal found the denial of deduction claim under Section 10AA to be a gross violation of natural justice and jurisdiction, deeming the disallowance void ab initio. The Tribunal emphasized that once a deduction is allowed in the initial year, it cannot be withdrawn in subsequent years without disturbing the initial allowance. The order was pronounced on the 10th day of July, 2023. Case-Laws Income Tax Mon, 10 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441834