https://www.taxtmi.com/caselaws?id=260285 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order regarding the computation of deduction under section 80IA for income from a windmill business. It was determined that unabsorbed depreciation from earlier years should not be adjusted against the profits of the eligible business for deduction calculation purposes. The decision emphasized the assessee's discretion in choosing the initial assessment year and aligned with precedents set by High Courts and Tribunals. en-us Fri, 15 May 2015 00:00:00 +0530 Sat, 19 Dec 2015 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260285 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order regarding the computation of deduction under section 80IA for income from a windmill business. It was determined that unabsorbed depreciation from earlier years should not be adjusted against the profits of the eligible business for deduction calculation purposes. The decision emphasized the assessee's discretion in choosing the initial assessment year and aligned with precedents set by High Courts and Tribunals. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260285