https://www.taxtmi.com/caselaws?id=752041 ITAT Ahmedabad dismissed the Revenue's appeal regarding deduction under Section 80IA(4) for an infrastructure company engaged in toll collection from constructed roads. The assessee had not originally claimed the deduction due to losses but became eligible after income enhancement from disallowances. The tribunal applied the consistency principle, noting the Department had allowed identical claims in earlier and subsequent years. Following precedents from Gujarat HC, Hyderabad ITAT, and Bombay HC, the tribunal held that income enhanced due to statutory disallowances qualifies for Section 80IA(4) deduction, upholding the CIT(A)'s decision. en-us Tue, 30 Apr 2024 00:00:00 +0530 Thu, 02 May 2024 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752041 ITAT Ahmedabad dismissed the Revenue's appeal regarding deduction under Section 80IA(4) for an infrastructure company engaged in toll collection from constructed roads. The assessee had not originally claimed the deduction due to losses but became eligible after income enhancement from disallowances. The tribunal applied the consistency principle, noting the Department had allowed identical claims in earlier and subsequent years. Following precedents from Gujarat HC, Hyderabad ITAT, and Bombay HC, the tribunal held that income enhanced due to statutory disallowances qualifies for Section 80IA(4) deduction, upholding the CIT(A)'s decision. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752041