https://www.taxtmi.com/caselaws?id=176126 The High Court held that deductions under sections 80-I and 80-J should be calculated based on the full amount of income received from the priority or new undertaking without adjusting profits or losses between units. The Court distinguished the case from Cambay Electric Supply Industrial Co. Ltd. vs. CIT, emphasizing the wording differences in the relevant sections. The petitioner's appeal was dismissed, and they were directed to pay the respondent's costs. en-us Tue, 24 Jan 1984 00:00:00 +0530 Wed, 11 May 2016 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176126 The High Court held that deductions under sections 80-I and 80-J should be calculated based on the full amount of income received from the priority or new undertaking without adjusting profits or losses between units. The Court distinguished the case from Cambay Electric Supply Industrial Co. Ltd. vs. CIT, emphasizing the wording differences in the relevant sections. The petitioner's appeal was dismissed, and they were directed to pay the respondent's costs. Case-Laws Income Tax Tue, 24 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176126