https://www.taxtmi.com/caselaws?id=261614 The Tax Case (Appeal) was dismissed, confirming the Tribunal's order. The Court upheld the assessee's entitlement to claim deduction under Section 80-IA of the Income Tax Act, emphasizing that losses set off in previous years should not affect the current year's computation. Despite pending appeals before the Supreme Court, the Court found no reason to deviate from its previous decisions and ruled in favor of the assessee, answering the questions of law against the Revenue. No costs were imposed in this matter. en-us Wed, 08 Jul 2015 00:00:00 +0530 Fri, 17 Jul 2015 10:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261614 The Tax Case (Appeal) was dismissed, confirming the Tribunal's order. The Court upheld the assessee's entitlement to claim deduction under Section 80-IA of the Income Tax Act, emphasizing that losses set off in previous years should not affect the current year's computation. Despite pending appeals before the Supreme Court, the Court found no reason to deviate from its previous decisions and ruled in favor of the assessee, answering the questions of law against the Revenue. No costs were imposed in this matter. Case-Laws Income Tax Wed, 08 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261614