The assessee had the option to opt for the 'Initial assessment ...

Assessee Can Select 'Initial Assessment Year' for Section 80IA Deduction; Previous Losses Cannot Offset Eligible Business Profits.

December 10, 2018

Case Laws Income Tax AT

The assessee had the option to opt for the 'Initial assessment year' for claiming deduction u/s 80IA and hence, loss or depreciation in the year earlier to 'initial assessment year' already absorbed against the profit of other business could not be notionally brought forward and set off against the profits of the eligible of the assessee

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The assessee had the option to opt for the 'Initial assessment ...

Assessee Can Select 'Initial Assessment Year' for Section 80IA Deduction; Previous Losses Cannot Offset Eligible Business Profits.

December 10, 2018

Case Laws Income Tax AT

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