https://www.taxtmi.com/highlights?id=78390 The ITAT ruled on the assessment u/s 153A regarding lodging new claims of deduction u/s 80-IA. Assessee made fresh claims for deduction u/s 80IA(4) in compliance with notices u/s 153A for preceding six years. Forms were filed timely. Coordinate bench precedent favored assessee, allowing the deduction u/s 80IA. Revenue argued deduction for subsequent years requires allowance in AY 2017-18, which was granted. Assessee treated as "Developer of Infrastructure facility," not "Works Contractor," based on past treatment. Revenue's grounds dismissed. en-us Wed, 12 Jun 2024 08:17:55 +0530 Wed, 12 Jun 2024 08:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78390 The ITAT ruled on the assessment u/s 153A regarding lodging new claims of deduction u/s 80-IA. Assessee made fresh claims for deduction u/s 80IA(4) in compliance with notices u/s 153A for preceding six years. Forms were filed timely. Coordinate bench precedent favored assessee, allowing the deduction u/s 80IA. Revenue argued deduction for subsequent years requires allowance in AY 2017-18, which was granted. Assessee treated as "Developer of Infrastructure facility," not "Works Contractor," based on past treatment. Revenue's grounds dismissed. Highlights Income Tax Wed, 12 Jun 2024 08:17:55 +0530 https://www.taxtmi.com/highlights?id=78390