S. 80IA: Option to claim deduction post business commencement

Brief of the Case

Madras High Court held In the case of CIT vs. M/s. G.R.T. Jewelers (India) Pvt. Ltd. that as per CBDT Circular No. 1/2016 dated 15.2.2016, it is clear that the assessee has option to claim deduction in subsequent years i.e. he can choose initial assessment year for claiming deduction even post Please become a Premium member. If you are already a Premium member, login here to access the full content.