https://www.taxtmi.com/caselaws?id=185847 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow set off of losses from the windmill business against other heads of income. The Tribunal held that the loss from the industrial undertaking can be set off against other income, emphasizing the interpretation of relevant provisions of the Income Tax Act and previous judicial decisions in favor of the assessee's right to set off losses as per the applicable sections. en-us Thu, 02 Feb 2012 00:00:00 +0530 Mon, 26 Sep 2016 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185847 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to allow set off of losses from the windmill business against other heads of income. The Tribunal held that the loss from the industrial undertaking can be set off against other income, emphasizing the interpretation of relevant provisions of the Income Tax Act and previous judicial decisions in favor of the assessee's right to set off losses as per the applicable sections. Case-Laws Income Tax Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185847