https://www.taxtmi.com/caselaws?id=326414 The court concluded that the assessee is entitled to the deduction under Section 80-IA as losses of earlier years had already been set off and could not be notionally brought forward. The appeal was dismissed, confirming the Tribunal's order. The court ruled in favor of the assessee, citing established precedents and emphasizing that losses set off should not be reopened for computing current income under Section 80-IA. Similar decisions in other cases supported the assessee's position. en-us Tue, 23 Feb 2016 00:00:00 +0530 Thu, 14 Apr 2016 10:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326414 The court concluded that the assessee is entitled to the deduction under Section 80-IA as losses of earlier years had already been set off and could not be notionally brought forward. The appeal was dismissed, confirming the Tribunal's order. The court ruled in favor of the assessee, citing established precedents and emphasizing that losses set off should not be reopened for computing current income under Section 80-IA. Similar decisions in other cases supported the assessee's position. Case-Laws Income Tax Tue, 23 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326414