https://www.taxtmi.com/caselaws?id=277799 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80IA(4)(iv) of the Income Tax Act for the assessee. The Tribunal rejected the Revenue's argument that the deduction should be based on eligible business as the sole income source and that losses from earlier years should be verified before allowing the deduction. The Tribunal emphasized that the assessee had correctly claimed the deduction and had absorbed losses from previous years. The Revenue's appeal was dismissed, affirming the allowance of the deduction for the assessee. en-us Mon, 09 Apr 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277799 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80IA(4)(iv) of the Income Tax Act for the assessee. The Tribunal rejected the Revenue's argument that the deduction should be based on eligible business as the sole income source and that losses from earlier years should be verified before allowing the deduction. The Tribunal emphasized that the assessee had correctly claimed the deduction and had absorbed losses from previous years. The Revenue's appeal was dismissed, affirming the allowance of the deduction for the assessee. Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277799