https://www.taxtmi.com/caselaws?id=242164 The ITAT concluded that the deduction under Section 80IA should be computed after setting off the depreciation and expenses related to each WEG unit. The AO was directed to recompute the deduction based on the profit from each unit and allocate the depreciation accordingly. The disallowance under Section 40(a)(ia) was deleted, as the payments were for a service contract, not rent. The appeal of the revenue was partly allowed. en-us Fri, 11 May 2012 00:00:00 +0530 Thu, 09 Jan 2014 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242164 The ITAT concluded that the deduction under Section 80IA should be computed after setting off the depreciation and expenses related to each WEG unit. The AO was directed to recompute the deduction based on the profit from each unit and allocate the depreciation accordingly. The disallowance under Section 40(a)(ia) was deleted, as the payments were for a service contract, not rent. The appeal of the revenue was partly allowed. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242164