Case Law Analysis
|Income Tax Appellate Tribunal
Section 80-IAC IT Act | Startups Eligible for Deduction from First Year of DPIIT Recognition : ITAT Pune
ITAT Pune holds that startups can claim deductions under Section 80-IAC immediately upon DPIIT recognition, without waiting for three consecutive years. This ruling clarifies eligibility for early-stage startups, ensuring tax benefits from the first year of operation.