2022 (5) TMI 1221

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....ER SHRI RAJESH KUMAR, AM: This is an appeal preferred by the revenue against the order of the Commissioner of Income Tax(Appeals)-3, Kolkata [hereinafter referred to as 'CIT(A)'] dated 24.07.2019 for the assessment year 2011-12. 2. The only issue raised by the revenue is against the order of Ld. CIT(A) allowing the deduction u/s 80IB of the Income Tax Act, 1961 (hereinafter referred to as the Ac....

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....dings the Ld. CIT(A) allowed the appeal of the assessee by recording a finding a fact that similar issue has been decided in AY 2013-14 in appeal no. 10277/CIT(A), Kolkata-3/16-17/1122-28 order dated 11.07.2019 by observing that the deduction in the initial/first year in AY 2003-04 has been allowed after due verification by the AO and was also allowed in AY 2004-05 and 2005-06. While allowing the ....