https://www.taxtmi.com/caselaws?id=326413 The court confirmed the assessee's entitlement to claim deductions under Section 80-IA of the Income Tax Act, emphasizing that losses and deductions set off in previous years should not be reopened for the computation of current year income. The court referenced previous decisions and dismissed the Revenue's appeal, upholding the Tribunal's order in favor of the assessee. The court concluded that there was no reason to deviate from established legal principles and dismissed the appeal, with no separate judgments delivered as the decision was unanimous. en-us Tue, 16 Feb 2016 00:00:00 +0530 Thu, 14 Apr 2016 10:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326413 The court confirmed the assessee's entitlement to claim deductions under Section 80-IA of the Income Tax Act, emphasizing that losses and deductions set off in previous years should not be reopened for the computation of current year income. The court referenced previous decisions and dismissed the Revenue's appeal, upholding the Tribunal's order in favor of the assessee. The court concluded that there was no reason to deviate from established legal principles and dismissed the appeal, with no separate judgments delivered as the decision was unanimous. Case-Laws Income Tax Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326413