https://www.taxtmi.com/caselaws?id=65450 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decision to allow the deduction under s. 80-IA based on unit 4's book results. It emphasized the justification for unit 4's higher profit margin due to new machinery and cost efficiencies. The Tribunal directed the AO to verify and adjust any unabsorbed losses against the profits of unit 4 for the relevant assessment year, ensuring compliance with s. 80-IA(5). One appeal was partly allowed for statistical purposes, requiring further verification by the AO. en-us Fri, 24 Mar 2006 00:00:00 +0530 Thu, 14 Mar 2024 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65450 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decision to allow the deduction under s. 80-IA based on unit 4's book results. It emphasized the justification for unit 4's higher profit margin due to new machinery and cost efficiencies. The Tribunal directed the AO to verify and adjust any unabsorbed losses against the profits of unit 4 for the relevant assessment year, ensuring compliance with s. 80-IA(5). One appeal was partly allowed for statistical purposes, requiring further verification by the AO. Case-Laws Income Tax Fri, 24 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65450