https://www.taxtmi.com/caselaws?id=257376 The tribunal dismissed the assessee's appeal, upholding the Revenue's restriction of the deduction under Section 80-IA to Rs. 2,83,720. The tribunal found the assessee's computation of Gross Total Income incorrect and emphasized that GTI must be calculated in accordance with the provisions of the Income Tax Act, including the set-off of brought forward unabsorbed depreciation. The tribunal concluded that the assessee's claim was not in line with the Act's provisions and scheme, affirming the Revenue's decision. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 18 Aug 2015 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257376 The tribunal dismissed the assessee's appeal, upholding the Revenue's restriction of the deduction under Section 80-IA to Rs. 2,83,720. The tribunal found the assessee's computation of Gross Total Income incorrect and emphasized that GTI must be calculated in accordance with the provisions of the Income Tax Act, including the set-off of brought forward unabsorbed depreciation. The tribunal concluded that the assessee's claim was not in line with the Act's provisions and scheme, affirming the Revenue's decision. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257376