https://www.taxtmi.com/caselaws?id=75685 The High Court analyzed the interpretation of Section 80-I of the Income-tax Act regarding deduction eligibility for a company with units in different states. The court held that each unit's taxable income should be treated independently, justifying the Tribunal's decision to carry forward the loss from a previous year for set off against the current year's profit. Additionally, the court upheld the Tribunal's decision on the treatment of unit losses in different assessment years for tax holiday claims, supporting the notion that losses should be carried forward for deduction calculation purposes. en-us Fri, 07 Nov 2008 00:00:00 +0530 Tue, 29 Jan 2013 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75685 The High Court analyzed the interpretation of Section 80-I of the Income-tax Act regarding deduction eligibility for a company with units in different states. The court held that each unit's taxable income should be treated independently, justifying the Tribunal's decision to carry forward the loss from a previous year for set off against the current year's profit. Additionally, the court upheld the Tribunal's decision on the treatment of unit losses in different assessment years for tax holiday claims, supporting the notion that losses should be carried forward for deduction calculation purposes. Case-Laws Income Tax Fri, 07 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75685