https://www.taxtmi.com/caselaws?id=377905 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee is eligible for deduction under Section 80IA for each windmill separately without setting off profits against losses. Each windmill was considered a separate undertaking for deduction purposes, and the computation was required to be unit-wise. The revenue's appeals were dismissed, affirming the unit-wise approach for calculating deductions under Section 80IA, in line with previous judicial interpretations and legislative intent. en-us Wed, 27 Mar 2019 00:00:00 +0530 Thu, 04 Apr 2019 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377905 The Tribunal upheld the CIT(A)'s decision, ruling that the assessee is eligible for deduction under Section 80IA for each windmill separately without setting off profits against losses. Each windmill was considered a separate undertaking for deduction purposes, and the computation was required to be unit-wise. The revenue's appeals were dismissed, affirming the unit-wise approach for calculating deductions under Section 80IA, in line with previous judicial interpretations and legislative intent. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377905