2020 (12) TMI 167 - ITAT SURAT - Income Tax

Head Note / Extract:
Reopening of assessment u/s 147 - Deduction u/s 80IB - HELD THAT:- As gone through the order of lower authorities and the order of Co-ordinate Bench of Tribunal for AY.2007-08 [2015 (9) TMI 1183 - ITAT AHMEDABAD]]. We have seen that the Assessing Officer reopened the case for assessee for the year under consideration on the ground that similar claim of deduction under section 80IB was disallowed in AY.2007-08. The Assessing Officer in reassessment order dated 20.03.2015 disallowed deduction under section 80IB of ₹ 3.11 crore. CIT(A) allowed relief to the assessee by following the order of Tribunal above. Considering the fact that on identical ground of appeal on similar set of fact the assessee was allowed relief by Co-ordinate Bench of Tribunal. Respectfully following the same we do not find any merit in the ground of appeal raised by revenue.