https://www.taxtmi.com/caselaws?id=332733 The Tribunal dismissed the Revenue's appeal, upholding the decision of the ld. CIT(A) to grant the claim under section 80IB without setting off losses against the profits of the Aluminium Paste Unit. The Tribunal emphasized the need for separate consideration of units for deduction under section 80IA or 80IB if separate accounts were maintained and there was no interdependence. The decision was based on the assessee's maintenance of separate accounts for its units and distinguished the case law relied on by the Revenue. en-us Thu, 11 Aug 2016 00:00:00 +0530 Sat, 24 Sep 2016 09:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332733 The Tribunal dismissed the Revenue's appeal, upholding the decision of the ld. CIT(A) to grant the claim under section 80IB without setting off losses against the profits of the Aluminium Paste Unit. The Tribunal emphasized the need for separate consideration of units for deduction under section 80IA or 80IB if separate accounts were maintained and there was no interdependence. The decision was based on the assessee's maintenance of separate accounts for its units and distinguished the case law relied on by the Revenue. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332733