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.

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