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Kimaya Singh (Student)     20 September 2011

Urgently help please

My company was given deduction under 80IA in 2006-07 by AO under 143(3). In 2007-08, assessment under 153 A was initiated-nothing was found but the deduction was taken away. CIT A disallowed the deduction but ITAT confirmed it. Can the AO rightly take away deduction once given?



Learning

 1 Replies

Sachin Agarwal (Propritor)     22 September 2011

 

Dear Shayonee Das Gupta,


                                                     The AO has power to withdrawal deduction if he found it has been taken on false ground. if you want to more discussion. Please write me email. my email id is sachinagarwalcallb@gmail.com


Thanks

Sachin Agarwal CA LLB


+91 9910822027

                                                    


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