https://www.taxtmi.com/caselaws?id=257028 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income-tax (Appeals)' decision to allow the deduction under section 80-IA without considering notional losses from earlier years. The Tribunal emphasized that only losses from the initial assessment year should be considered for calculating the deduction, aligning with previous decisions. The Revenue's grounds of appeal were dismissed, and the judgment was pronounced on October 31, 2014. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 26 Feb 2015 07:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257028 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income-tax (Appeals)' decision to allow the deduction under section 80-IA without considering notional losses from earlier years. The Tribunal emphasized that only losses from the initial assessment year should be considered for calculating the deduction, aligning with previous decisions. The Revenue's grounds of appeal were dismissed, and the judgment was pronounced on October 31, 2014. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257028