https://www.taxtmi.com/caselaws?id=329733 The case involved a dispute over deductions claimed under sections 80HH and 80I of the Income-tax Act, 1961. The Tribunal held that for computing deductions under these sections, only profits of eligible units should be considered, not losses from other units. The High Court agreed, emphasizing that profits of each industrial unit should be independently considered for deductions. The Court dismissed the appeal, upholding the Tribunal's decision and the principle that profits from one unit should not be reduced by losses from another unit when claiming deductions under sections 80HH and 80I. en-us Thu, 30 Jun 2016 00:00:00 +0530 Fri, 08 Jul 2016 14:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329733 The case involved a dispute over deductions claimed under sections 80HH and 80I of the Income-tax Act, 1961. The Tribunal held that for computing deductions under these sections, only profits of eligible units should be considered, not losses from other units. The High Court agreed, emphasizing that profits of each industrial unit should be independently considered for deductions. The Court dismissed the appeal, upholding the Tribunal's decision and the principle that profits from one unit should not be reduced by losses from another unit when claiming deductions under sections 80HH and 80I. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329733