DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1, NAGPUR vs. SMT. ANJU AJAY SARAF, NAGPUR

In the result, Revenue’s appeal for the A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

5 of section 80IA that the eligible unit is the only source of income begins from the initial assessment year which is not the same as the year of commencement of commercial production. The various tribunals and High Courts has relied on have held that "Where the depreciation