https://www.taxtmi.com/caselaws?id=220797 The Tribunal directed the assessing authority to set off the loss from windmill operation against income from other sources, which was challenged by the Revenue. The Tribunal allowed the carried forward loss of the eligible business to be set off against subsequent years' eligible business income, emphasizing the liberal construction of section 80-IA for economic growth promotion. The Tribunal upheld its decision, dismissing the Revenue's appeal and highlighting the importance of interpreting tax provisions to promote economic growth. en-us Fri, 27 May 2011 00:00:00 +0530 Tue, 29 Jan 2013 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220797 The Tribunal directed the assessing authority to set off the loss from windmill operation against income from other sources, which was challenged by the Revenue. The Tribunal allowed the carried forward loss of the eligible business to be set off against subsequent years' eligible business income, emphasizing the liberal construction of section 80-IA for economic growth promotion. The Tribunal upheld its decision, dismissing the Revenue's appeal and highlighting the importance of interpreting tax provisions to promote economic growth. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220797