https://www.taxtmi.com/caselaws?id=461185 Consistency across assessment years governed the treatment of prospecting expenditure and the industrial deduction claim. Where the assessee had accepted the Tribunal's decision on the same issues for an earlier year, no basis existed to depart from that position in later-year appeals. Prospecting expenditure was therefore confined to the limited relief available under Section 35E rather than deduction under Section 37, and the claim for Section 80IA relief in respect of the kiln was declined. The appeals were dismissed on merits. en-us Mon, 09 Dec 2024 00:00:00 +0530 Wed, 19 Mar 2025 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461185 Consistency across assessment years governed the treatment of prospecting expenditure and the industrial deduction claim. Where the assessee had accepted the Tribunal's decision on the same issues for an earlier year, no basis existed to depart from that position in later-year appeals. Prospecting expenditure was therefore confined to the limited relief available under Section 35E rather than deduction under Section 37, and the claim for Section 80IA relief in respect of the kiln was declined. The appeals were dismissed on merits. Case-Laws Income Tax Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461185