Claim of deduction u/s 80IB cannot be withdrawn in proceedings u/s 154

CA Kanhaiya Kumar Agarwal Brief of the Case In the case Vinod Kumar Surana Vs. ITO the Hon’ble Kolkata ITAT held that the fact of withdrawal of deduction u/ 80IB of the Act in the subsequent years when the same were duly granted by the ld. AO in the initial assessment years per se becomes a debatable issue and hence same cannot be dealt in the proceedings u/s 154 of the Act as the same cannot be construed as a patent, glaring, obvious mistake apparent from record. Facts of the Case The Assessee is a proprietor of M/s. Modern Industries having a small manufacturing unit at Yanam which is regi...