https://www.taxtmi.com/caselaws?id=255873 Section 80-IA deduction is a profit-linked incentive computed on the fiction that the eligible business is the only source of income for the relevant period. Earlier years' losses that had already been set off against other income cannot be notionally brought forward again for recomputation of the deduction, because the statutory fiction is confined to working out eligible business income and does not reopen completed set-offs. Applying that principle, the assessee remained entitled to the deduction under Section 80-IA, and the Revenue's challenge failed. en-us Mon, 19 Jan 2015 00:00:00 +0530 Thu, 29 Jan 2015 06:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255873 Section 80-IA deduction is a profit-linked incentive computed on the fiction that the eligible business is the only source of income for the relevant period. Earlier years' losses that had already been set off against other income cannot be notionally brought forward again for recomputation of the deduction, because the statutory fiction is confined to working out eligible business income and does not reopen completed set-offs. Applying that principle, the assessee remained entitled to the deduction under Section 80-IA, and the Revenue's challenge failed. Case-Laws Income Tax Mon, 19 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255873