https://www.taxtmi.com/caselaws?id=384738 The Tribunal ruled in favor of the assessee, stating that the rectification under section 154 was not valid as the issue was debatable. It also held that losses from one eligible unit cannot be set off against the profits of another eligible unit for computing the deduction under section 80IA. Additionally, the Tribunal determined that the deduction under section 80IA should be allowed against the gross total income, not just the business income. en-us Wed, 14 Aug 2019 00:00:00 +0530 Thu, 22 Aug 2019 07:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384738 The Tribunal ruled in favor of the assessee, stating that the rectification under section 154 was not valid as the issue was debatable. It also held that losses from one eligible unit cannot be set off against the profits of another eligible unit for computing the deduction under section 80IA. Additionally, the Tribunal determined that the deduction under section 80IA should be allowed against the gross total income, not just the business income. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384738