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2018 (2) TMI 340 - AT - Income TaxEligibility to benefit u/s 80-IA - initial assessment year - choice of year - Held that:- It is the option given by the Act to the assessee to opt for the initial year for availing of the benefit of section 80-IA. It is not for the Assessing Officer to decide which year would be the initial year for claiming the benefit under section 80-IA. Therefore, once the assessee exercises his right and opted the initial year, then the benefit flowing under section 80-IA is available to the assessee. See COMMISSIONER OF INCOME TAX And DEPUTY COMMISSIONER OF INCOME TAX Versus SHRI ANIL H LAD [2014 (3) TMI 808 - KARNATAKA HIGH COURT] - Decided against revenue
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