https://www.taxtmi.com/caselaws?id=218492 The ITAT allowed the appeal, granting the deduction under section 80IA on the profits derived from the eligible Wind Mill I unit without adjusting the losses from Wind Mill II and III. The ITAT emphasized the importance of following binding precedents and clarified the interpretation of section 80IA in the specific case context, diverging from the CIT(A)'s decision that losses should be adjusted before allowing the deduction. en-us Fri, 31 Aug 2012 00:00:00 +0530 Thu, 07 Apr 2016 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218492 The ITAT allowed the appeal, granting the deduction under section 80IA on the profits derived from the eligible Wind Mill I unit without adjusting the losses from Wind Mill II and III. The ITAT emphasized the importance of following binding precedents and clarified the interpretation of section 80IA in the specific case context, diverging from the CIT(A)'s decision that losses should be adjusted before allowing the deduction. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218492