https://www.taxtmi.com/caselaws?id=271763 The High Court upheld the Tribunal's decision allowing the assessee's deduction claim under Section 80IA of the Income Tax Act, 1961, related to income from the windmill division. The court ruled in favor of the assessee, following previous decisions favoring deduction eligibility without setting off losses from windmill operations. Additionally, the court dismissed the Department's argument regarding the initial assessment year for claiming the deduction, affirming the Tribunal's decision based on legal interpretation and precedents. The appeal by the Revenue was dismissed, with costs not awarded. en-us Tue, 12 Jan 2016 00:00:00 +0530 Mon, 15 Feb 2016 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271763 The High Court upheld the Tribunal's decision allowing the assessee's deduction claim under Section 80IA of the Income Tax Act, 1961, related to income from the windmill division. The court ruled in favor of the assessee, following previous decisions favoring deduction eligibility without setting off losses from windmill operations. Additionally, the court dismissed the Department's argument regarding the initial assessment year for claiming the deduction, affirming the Tribunal's decision based on legal interpretation and precedents. The appeal by the Revenue was dismissed, with costs not awarded. Case-Laws Income Tax Tue, 12 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271763