https://www.taxtmi.com/caselaws?id=216853 The High Court held that the ITAT misdirected itself by allowing the deduction under Section 80IA on the gross total income, which was not permissible, as the units should have been considered separately. The Court also found that the additional tax under Section 143 (1A) was correctly charged, as the assessee had wrongly reduced income to 'Nil' and carried forward losses. Both issues were decided in favor of the revenue, directing the department to proceed in accordance with the law. en-us Wed, 05 Sep 2012 00:00:00 +0530 Mon, 21 Jan 2013 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216853 The High Court held that the ITAT misdirected itself by allowing the deduction under Section 80IA on the gross total income, which was not permissible, as the units should have been considered separately. The Court also found that the additional tax under Section 143 (1A) was correctly charged, as the assessee had wrongly reduced income to 'Nil' and carried forward losses. Both issues were decided in favor of the revenue, directing the department to proceed in accordance with the law. Case-Laws Income Tax Wed, 05 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216853