https://www.taxtmi.com/caselaws?id=260513 The Tribunal allowed the appeal, holding that the assessee's deduction under Section 80IA was permissible from the profits of the windmill unit starting from A.Y. 2009-10. The losses from earlier years could not be set off against the profits of the eligible unit for the chosen initial assessment year. The Tribunal emphasized that only losses from the initial assessment year should be considered for set-off, not losses from prior years already adjusted against other incomes. The order was pronounced on 11th February 2015. en-us Wed, 11 Feb 2015 00:00:00 +0530 Mon, 15 Jun 2015 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260513 The Tribunal allowed the appeal, holding that the assessee's deduction under Section 80IA was permissible from the profits of the windmill unit starting from A.Y. 2009-10. The losses from earlier years could not be set off against the profits of the eligible unit for the chosen initial assessment year. The Tribunal emphasized that only losses from the initial assessment year should be considered for set-off, not losses from prior years already adjusted against other incomes. The order was pronounced on 11th February 2015. Case-Laws Income Tax Wed, 11 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260513