https://www.taxtmi.com/caselaws?id=380212 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 66,79,702/- under Section 80IA(4)(iv), affirming that unabsorbed depreciation and losses from earlier years, already set off against other income, cannot be notionally brought forward for set-off against the windmill's income in the current year. The appeal of the Revenue was dismissed, confirming the assessee's entitlement to the claimed deduction. en-us Mon, 13 May 2019 00:00:00 +0530 Wed, 15 May 2019 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380212 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 66,79,702/- under Section 80IA(4)(iv), affirming that unabsorbed depreciation and losses from earlier years, already set off against other income, cannot be notionally brought forward for set-off against the windmill's income in the current year. The appeal of the Revenue was dismissed, confirming the assessee's entitlement to the claimed deduction. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380212