https://www.taxtmi.com/caselaws?id=176247 The HC modified the orders of the Tribunal and the first appellate authority regarding the deduction under section 80-IA of the IT Act. It directed the AO to rework the total income, allowing the eligible deduction with reference to the profits of the eligible unit, but limiting it to the total income. The Tribunal's allowance based on the Supreme Court's decision for disallowance under section 43B was upheld, and no question of law arose from the Tribunal's order on prior period expenses. en-us Wed, 02 Dec 2009 00:00:00 +0530 Fri, 12 Jul 2024 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176247 The HC modified the orders of the Tribunal and the first appellate authority regarding the deduction under section 80-IA of the IT Act. It directed the AO to rework the total income, allowing the eligible deduction with reference to the profits of the eligible unit, but limiting it to the total income. The Tribunal's allowance based on the Supreme Court's decision for disallowance under section 43B was upheld, and no question of law arose from the Tribunal's order on prior period expenses. Case-Laws Income Tax Wed, 02 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176247