https://www.taxtmi.com/caselaws?id=190078 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision that the deduction under section 80IB should be based on the profits of a specific undertaking without offsetting losses from other eligible units. The Tribunal emphasized that only profitable industrial undertakings should be considered for computing the deduction, and loss-making units should not impact the calculation. The appeal by the Revenue was dismissed, and the Tribunal found no legal basis to challenge the established proposition, citing previous decisions supporting this interpretation. en-us Wed, 29 Jul 2015 00:00:00 +0530 Sat, 04 Feb 2017 11:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190078 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision that the deduction under section 80IB should be based on the profits of a specific undertaking without offsetting losses from other eligible units. The Tribunal emphasized that only profitable industrial undertakings should be considered for computing the deduction, and loss-making units should not impact the calculation. The appeal by the Revenue was dismissed, and the Tribunal found no legal basis to challenge the established proposition, citing previous decisions supporting this interpretation. Case-Laws Income Tax Wed, 29 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190078