https://www.taxtmi.com/caselaws?id=257522 The court dismissed the Tax Case (Appeal), confirming the Tribunal's order and holding in favor of the assessee. It reiterated that losses of earlier years, which were already set off, should not be reopened for computing current year income under Section 80-IA. The questions of law raised in the appeal were answered against the Revenue and in favor of the assessee. Consequently, the accompanying miscellaneous petition was also dismissed. en-us Tue, 10 Mar 2015 00:00:00 +0530 Fri, 13 Mar 2015 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257522 The court dismissed the Tax Case (Appeal), confirming the Tribunal's order and holding in favor of the assessee. It reiterated that losses of earlier years, which were already set off, should not be reopened for computing current year income under Section 80-IA. The questions of law raised in the appeal were answered against the Revenue and in favor of the assessee. Consequently, the accompanying miscellaneous petition was also dismissed. Case-Laws Income Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257522