https://www.taxtmi.com/caselaws?id=218299 The Tribunal set aside the Commissioner of Income-tax's order exercising revisionary powers under section 263 of the Income-tax Act, 1961, in favor of the appellant. It ruled that the appellant was entitled to the deduction claimed under section 80-IA, emphasizing the applicability of set-off of losses under section 70(1) of the Act. The Tribunal interpreted relevant legal provisions, including section 80-IA and section 70(1), and concluded that the appellant should benefit from the set-off as claimed, leading to the cancellation of the CIT's order. en-us Fri, 08 Jun 2012 00:00:00 +0530 Fri, 09 Nov 2012 22:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218299 The Tribunal set aside the Commissioner of Income-tax's order exercising revisionary powers under section 263 of the Income-tax Act, 1961, in favor of the appellant. It ruled that the appellant was entitled to the deduction claimed under section 80-IA, emphasizing the applicability of set-off of losses under section 70(1) of the Act. The Tribunal interpreted relevant legal provisions, including section 80-IA and section 70(1), and concluded that the appellant should benefit from the set-off as claimed, leading to the cancellation of the CIT's order. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218299