https://www.taxtmi.com/caselaws?id=121564 Deduction under section 80-IB was allowable on the profits of one independently identifiable eligible industrial undertaking without first setting off losses of other eligible undertakings. The provision was treated as unit-specific, focusing on the profits and gains derived from each undertaking, while the Chapter VI-A ceiling under sections 80A and 80B(5) was recognised as a separate constraint operating at the gross total income stage. As the assessee had positive gross total income and the profitable unit's income was separately ascertainable, the losses of other eligible units were not required to be adjusted against that profit for section 80-IB purposes. en-us Thu, 19 Feb 2009 00:00:00 +0530 Tue, 05 Nov 2013 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121564 Deduction under section 80-IB was allowable on the profits of one independently identifiable eligible industrial undertaking without first setting off losses of other eligible undertakings. The provision was treated as unit-specific, focusing on the profits and gains derived from each undertaking, while the Chapter VI-A ceiling under sections 80A and 80B(5) was recognised as a separate constraint operating at the gross total income stage. As the assessee had positive gross total income and the profitable unit's income was separately ascertainable, the losses of other eligible units were not required to be adjusted against that profit for section 80-IB purposes. Case-Laws Income Tax Thu, 19 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121564