https://www.taxtmi.com/caselaws?id=198217 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal challenging the deduction under section 80IA of the Income Tax Act for the assessment year 2009-10. The decision was based on the Madras High Court's ruling and supported by various cases, affirming that losses from previous years cannot be carried forward notionally to set off against the current year's income when claiming the deduction under section 80IA. en-us Fri, 16 Jan 2015 00:00:00 +0530 Thu, 25 Jan 2018 14:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198217 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal challenging the deduction under section 80IA of the Income Tax Act for the assessment year 2009-10. The decision was based on the Madras High Court's ruling and supported by various cases, affirming that losses from previous years cannot be carried forward notionally to set off against the current year's income when claiming the deduction under section 80IA. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198217