Deleting the addition made on account of deduction claimed under section 80IA(4) of the Income Tax Act, 1961

Last updated: 22 September 2021

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The Income Tax Appellate Tribunal (ITAT) Ahmedabad has dismissed an appeal by the Revenue, allowing Chiripal Industries Ltd.'s claim for deduction under Section 80IA(4) of the Income Tax Act, 1961. The Assessing Officer had sought to delete the addition made on account of this deduction. However, the Tribunal noted that similar claims for earlier years, on identical facts, had been allowed by the Tribunal and the CIT(A). Therefore, following its previous consistent view, the appeal was dismissed.

Court :
ITAT Ahmedabad

Brief :
Revenue is in appeal before the Tribunal against order of the ld.CIT(A)-1, Ahmedabad dated 11.10.2018 passed for the Asstt.Year 2010-11.

Citation :
ITA No.45 /Ahd/2019

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Attached File : 1442821_4450_1631774651_45_19_arpy_was_vc_chiripal_industries.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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