Bar as provided in section 80-IA(3) is to be considered only for first year of claim of deduction u/s 80-IA
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The eligibility for the claim of deduction u/s 80-IA by applying the restraints of Sec. 80-IA(3) cannot be considered for every year of the claim of deduction u/s 80-IA but can be considered only in the year of formation of the business.
ITAT, NEW DELHI, BENCH ‘H’
Tata Communication Internet Services Ltd.
v.
ITO
ITA No. 4214/Del/2010
February 26, 2010
