https://www.taxtmi.com/caselaws?id=264341 The Tribunal held that the assessee was eligible to claim deduction under section 80-IA without setting off notional brought forward losses and depreciation against the current year's profit of the exempt unit. The Tribunal determined that the initial assessment year for claiming the deduction was the assessment year 2009-10, as chosen by the assessee. Consequently, the Tribunal directed the Assessing Officer to grant the benefit of deduction claimed by the assessee, amounting to Rs. 71,10,231. The appeal of the assessee was allowed, with the order pronounced on 28th August 2015. en-us Fri, 28 Aug 2015 00:00:00 +0530 Sat, 19 Sep 2015 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264341 The Tribunal held that the assessee was eligible to claim deduction under section 80-IA without setting off notional brought forward losses and depreciation against the current year's profit of the exempt unit. The Tribunal determined that the initial assessment year for claiming the deduction was the assessment year 2009-10, as chosen by the assessee. Consequently, the Tribunal directed the Assessing Officer to grant the benefit of deduction claimed by the assessee, amounting to Rs. 71,10,231. The appeal of the assessee was allowed, with the order pronounced on 28th August 2015. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264341