https://www.taxtmi.com/caselaws?id=219744 The court addressed the issue of setting off losses from the Avitech Division against profits from the vaccine unit for deduction under Section 80IA. It ruled that losses from another industrial undertaking cannot be set off against income claimed for deduction under Section 80IA. Additionally, the court considered whether the Avitech Division could be deemed a separate undertaking for claiming deductions under Section 80IA, ultimately dismissing the appeal as no substantial question of law arose for consideration. The judgment emphasized the importance of factual clarity and adherence to legal principles in tax matters. en-us Wed, 19 Dec 2012 00:00:00 +0530 Tue, 25 Dec 2012 06:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219744 The court addressed the issue of setting off losses from the Avitech Division against profits from the vaccine unit for deduction under Section 80IA. It ruled that losses from another industrial undertaking cannot be set off against income claimed for deduction under Section 80IA. Additionally, the court considered whether the Avitech Division could be deemed a separate undertaking for claiming deductions under Section 80IA, ultimately dismissing the appeal as no substantial question of law arose for consideration. The judgment emphasized the importance of factual clarity and adherence to legal principles in tax matters. Case-Laws Income Tax Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219744