Past U/s 80-IA Relief Doesn’t Guarantee Deduction for New Projects

DCIT Vs Patil Construction And Infrastructure Limited (ITAT Mumbai) 80-IA Claim Can’t Be Allowed Blindly Year After Year: ITAT Mumbai Remands Patil Construction’s Deduction Issue for Fresh Project-wise Verification The Mumbai ITAT “C” Bench, comprising Shri Sandeep Gosain (JM) & Shri Girish Agrawal (AM), allowed the Revenue’s appeals for AYs 2017-18 & 2018-19 for statistical purposes in the case of Patil Construction and Infrastructure Ltd., and restored the issue of deduction u/s 80-IA to the file of the AO for fresh adjudication. The Assessee, engaged in civil construction ...