https://www.taxtmi.com/caselaws?id=261526 The court dismissed the appeal, confirming the Tribunal's order and holding that the assessee is entitled to claim deduction under Section 80-IA. It reiterated that losses set off against other income in earlier years cannot be brought forward notionally for computing current year income under Section 80-IA. The questions of law raised were answered against the Revenue and in favor of the assessee, with the appeal being dismissed with no costs. en-us Tue, 07 Jul 2015 00:00:00 +0530 Wed, 15 Jul 2015 06:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261526 The court dismissed the appeal, confirming the Tribunal's order and holding that the assessee is entitled to claim deduction under Section 80-IA. It reiterated that losses set off against other income in earlier years cannot be brought forward notionally for computing current year income under Section 80-IA. The questions of law raised were answered against the Revenue and in favor of the assessee, with the appeal being dismissed with no costs. Case-Laws Income Tax Tue, 07 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261526