https://www.taxtmi.com/caselaws?id=459713 ITAT Mumbai allowed the assessee's appeals for AY 2002-03 to 2005-06, granting deduction under Section 80IA/80IB following its earlier decision in the assessee's own case for AY 1999-2000 to 2001-02 where quantum additions were deleted. The Tribunal found facts and circumstances to be pari-materia across all assessment years. Since the underlying additions were deleted, penalties under Section 271(1)(c) imposed by the AO were also cancelled as they had no basis to stand. en-us Wed, 19 Oct 2016 00:00:00 +0530 Tue, 24 Dec 2024 20:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459713 ITAT Mumbai allowed the assessee's appeals for AY 2002-03 to 2005-06, granting deduction under Section 80IA/80IB following its earlier decision in the assessee's own case for AY 1999-2000 to 2001-02 where quantum additions were deleted. The Tribunal found facts and circumstances to be pari-materia across all assessment years. Since the underlying additions were deleted, penalties under Section 271(1)(c) imposed by the AO were also cancelled as they had no basis to stand. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459713