https://www.taxtmi.com/caselaws?id=373256 The Tribunal partly allowed the appeals in the case. It upheld the restriction of the deduction claimed under section 80IC to 30% for Unit III. However, it ruled in favor of the assessee regarding the netting of profits and losses of eligible units for deduction calculation under section 80IC, directing separate treatment for each eligible unit. Additionally, the Tribunal directed the Assessing Officer to grant the Minimum Alternate Tax (MAT) credit in accordance with the law. en-us Thu, 06 Dec 2018 00:00:00 +0530 Thu, 10 Jan 2019 06:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373256 The Tribunal partly allowed the appeals in the case. It upheld the restriction of the deduction claimed under section 80IC to 30% for Unit III. However, it ruled in favor of the assessee regarding the netting of profits and losses of eligible units for deduction calculation under section 80IC, directing separate treatment for each eligible unit. Additionally, the Tribunal directed the Assessing Officer to grant the Minimum Alternate Tax (MAT) credit in accordance with the law. Case-Laws Income Tax Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373256