Section 80IC deduction cannot be disallowed arbitrarily in subsequent years

C and E Limited Vs PCIT (Calcutta High Court) Introduction: In the legal battle between C & E Limited and PCIT (Principal Commissioner of Income Tax) presented before the Calcutta High Court, a significant question arises: Whether a deduction under Section 80IC can be disallowed in a subsequent year after it has been allowed in the initial assessment year. This case not only highlights legal nuances but also impacts income tax assessments in various scenarios. Analysis: The contention revolves around the substantial expansion that took place on February 13, 2012, reflecting in Form 10CCB f...