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2020 (11) TMI 972 - AT - Income TaxRectification of mistake - Allowability of weighted deduction u/s 35(2AB) - correct date of approval of the prescribed authority - HELD THAT:- The question with regard to the allowability of the assessee to claim deduction u/s 35(2AB) for AY 2011-12 needs to be re-adjudicated as there is a mistake apparent on the face of the record in terms of noticing the correct date of approval of the prescribed authority u/s 35(2AB). The decision of the Tribunal for AY 2010- 11 rejecting the appeal of the assessee for allowing deduction u/s. 35(2AB) of the Act will not be affected in any manner. However, the findings in AY 2010-11 regarding date of application for grant of approval and date of approval will be adjudicated afresh while adjudicating the issue of deduction u/s. 35(2AB) of the Act for AY 2011-12 without being influenced in any manner whatsoever by the findings in AY 2010-11.
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