https://www.taxtmi.com/caselaws?id=769071 ITAT Mumbai dismissed Revenue's appeal challenging rectification u/s 154 regarding deduction u/s 80IA. The tribunal held that allowability of deduction u/s 80IA(12A) for seven units transferred from demerged company after 01.10.2009 was not a mistake apparent from records. CIT(A) had already examined the issue partially for head office expenses reallocation but did not modify other claims. The tribunal found AO unjustified in invoking s 80IA(2A) provisions for TPP deduction withdrawal, ruling rectification u/s 154 inapplicable on facts and circumstances. Revenue's grounds dismissed on both legal and merit considerations. en-us Tue, 08 Apr 2025 00:00:00 +0530 Fri, 18 Apr 2025 08:38:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769071 ITAT Mumbai dismissed Revenue's appeal challenging rectification u/s 154 regarding deduction u/s 80IA. The tribunal held that allowability of deduction u/s 80IA(12A) for seven units transferred from demerged company after 01.10.2009 was not a mistake apparent from records. CIT(A) had already examined the issue partially for head office expenses reallocation but did not modify other claims. The tribunal found AO unjustified in invoking s 80IA(2A) provisions for TPP deduction withdrawal, ruling rectification u/s 154 inapplicable on facts and circumstances. Revenue's grounds dismissed on both legal and merit considerations. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769071