Deduction u/s. 80IA accepted in initial AY same cannot be denied in subsequent AY: ITAT Mumbai

Tata Power Co. Ltd. Vs ACIT (ITAT Mumbai) ITAT Mumbai held that once assessee’s claim of deduction u/s. 80IA of the Income Tax Act on Supa Wind Power Project 17 MW Unit has been accepted in the initial Assessment Year, the same cannot be denied in the subsequent Assessment Years. Facts- The assessee is engaged in generation, transmission and distribution of electricity. During the period relevant to assessment year under appeal, the assessee had entered into international transaction of provision of loan to its Associated Enterprise(AE), Tata Power Mauritius and provision of corporate guaran...