Deduction u/s 80IC stands allowed on the basis of consistency. By Anand Gupta TaxGuru

Deduction u/s 80IC stands allowed on the basis of consistency. ITO Vs Indica Industries Pvt. Ltd. (ITAT Delhi) Unless and until the position in initial year is disturbed, it is not possible to take a different view for the subsequent assessment years . It can be seen from the impugned order that ld. CIT(A) noted that assessment year 2014-15 is not the initial year to […]

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