[aaykarbhavan] No reassessment on pretext of wrong allocation of exp. between units if sec. 80-IA relief was granted in assessment

No reassessment on pretext of wrong allocation of exp. between units if sec. 80-IA relief was granted in assessment

April 10, 2015[2015] 55 taxmann.com 438 (Bombay)/[2015] 371 ITR 225 (Bombay)/[2015] 274 CTR 1 (Bombay)

IT: Assessing Officer having allowed assessee's claim for deduction under section 80-IA/80-IB in course of assessment under section 143(3), could not initiate reassessment proceedings merely on basis of change of opinion that there was inappropriate allocation of expenses between various units eligible for deduction

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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