https://www.taxtmi.com/caselaws?id=197229 The Tribunal dismissed all appeals of the Revenue, upholding the CIT(A)'s decisions. It allowed the set-off of losses of Unit-II against business income and deleted the addition under section 10A(7) read with section 80IA(10) of the Income Tax Act. The Tribunal emphasized the lack of substantive evidence provided by the Assessing Officer to justify re-computation of profits and set-off of losses. en-us Fri, 23 Dec 2016 00:00:00 +0530 Sat, 30 Dec 2017 18:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197229 The Tribunal dismissed all appeals of the Revenue, upholding the CIT(A)'s decisions. It allowed the set-off of losses of Unit-II against business income and deleted the addition under section 10A(7) read with section 80IA(10) of the Income Tax Act. The Tribunal emphasized the lack of substantive evidence provided by the Assessing Officer to justify re-computation of profits and set-off of losses. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197229