Deletion of disallowance of deduction u/s 80IA of the Income Tax Act, 1961

Last updated: 23 November 2021
Quick Summary
The Income Tax Appellate Tribunal in Pune has dismissed two appeals filed by the Revenue against Sakal Papers Ltd. The appeals concerned the disallowance of deductions claimed under Section 80IA(4) of the Income Tax Act. The Assessing Officer had disallowed the deduction due to prior losses in the eligible unit, but the CIT(A) reversed this decision, a stance upheld by the Tribunal. Another issue regarding a revised return for wage board revision deduction was also dismissed by the Tribunal.

Court :
ITAT Pune

Brief :
These two appeals by the Revenue arise out of the separate orders dated 28-10-2016 & 10-01-2017 passed by the CIT(A)-4, Pune in relation to the assessment years 2012-13 and 2013-14

Citation :
ITA Nos.695 & 1356/PUN/2017

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