2015 (8) TMI 511

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..... uzhiyil), Sri Abraham Joseph Markos, Sri Isaac Thomas, Sri Noby Thomas Cyriac For the Respondent : Sri Jose Joseph, SC for Income Tax JUDGMENT Antony Dominic,J. The issue raised in this appeal is regarding the correctness of the finding of the Tribunal in its order in ITA 170/14 that the initial assessment year for the purpose of Section 80IA of the Income Tax Act is the assessment year 1999-2 .....

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..... hich the hotel has started functioning its business. Admittedly, the hotel has started business in the previous year relevant to the assessment year 1999-2000. Therefore, even if the approval of the authority is with effect from 12.4.1999, the Tribunal could have decided the issue only in the light of the definition of the term 'initial assessment year' contained in Section 80IA. If that b .....

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