https://www.taxtmi.com/caselaws?id=75599 For computing deduction under section 80-I of the Income-tax Act, the profit of the eligible industrial undertaking must be determined as if that undertaking were the only source of income, so the loss of one unit cannot be set off against the profit of another unit at the deduction stage. The gross total income under section 80-I(1), read with section 80B(5), is computed in accordance with the Act before Chapter VI-A deductions, but section 80-I(6) requires separate computation of the eligible unit's profits for quantifying the deduction. The Delhi HC noted that Synco Industries did not dilute the principle applied in Dewan Kraft System that losses of another eligible unit are not to be intermingled. en-us Wed, 10 Feb 2010 00:00:00 +0530 Mon, 23 May 2016 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75599 For computing deduction under section 80-I of the Income-tax Act, the profit of the eligible industrial undertaking must be determined as if that undertaking were the only source of income, so the loss of one unit cannot be set off against the profit of another unit at the deduction stage. The gross total income under section 80-I(1), read with section 80B(5), is computed in accordance with the Act before Chapter VI-A deductions, but section 80-I(6) requires separate computation of the eligible unit's profits for quantifying the deduction. The Delhi HC noted that Synco Industries did not dilute the principle applied in Dewan Kraft System that losses of another eligible unit are not to be intermingled. Case-Laws Income Tax Wed, 10 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75599