https://www.taxtmi.com/caselaws?id=65322 Depreciation on wind turbines used in the eligible power-generation business had to be deducted only against that business's receipts when computing deduction under section 80-IA, because section 80-IA(5) requires eligible profits to be worked out as if the undertaking were the sole source of income. The assessee could not apportion that depreciation against consultancy, sales and marketing receipts to expand the deduction through a composite-business approach. Non-eligible income could not be brought into the section 80-IA computation, and the eligible-business profits had to be determined independently. en-us Fri, 06 Aug 2004 00:00:00 +0530 Wed, 27 Jun 2012 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65322 Depreciation on wind turbines used in the eligible power-generation business had to be deducted only against that business's receipts when computing deduction under section 80-IA, because section 80-IA(5) requires eligible profits to be worked out as if the undertaking were the sole source of income. The assessee could not apportion that depreciation against consultancy, sales and marketing receipts to expand the deduction through a composite-business approach. Non-eligible income could not be brought into the section 80-IA computation, and the eligible-business profits had to be determined independently. Case-Laws Income Tax Fri, 06 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65322