Denial of Section 80IA deduction for mere bona fide mistake or error unjustified

Harbauer (India) Pvt. Ltd Vs ADIT (ITAT Kolkata) ITAT Kolkata held that denial of deduction under section 80IA of the Income Tax Act on the basis of vague and ambiguous reasons is unjustified. It is settled law that when assessee is entitled for deduction the same should not be disallowed merely because of any bona fide mistake or error. Facts- The assessee has contested the action of the CIT(A) in upholding the disallowance made by the ld. ADIT-CPC in respect of deduction claimed 80IA of the Act of Rs.40,19,494/-. Notably, the claim of the assessee u/s 80IA has been denied on vague averments ...