https://www.taxtmi.com/caselaws?id=395300 The Karnataka High Court dismissed the appeal under Section 260-A of the Income Tax Act, 1961, regarding the interpretation of provisions under Section 80IA. The court held that the deduction should be windmill-wise and that all units, including loss-making ones, should be considered for computing total income. The court relied on a previous judgment and ruled against the revenue, emphasizing that energy generation is one undertaking and windmills are units of the same enterprise. en-us Thu, 19 Mar 2020 00:00:00 +0530 Fri, 15 May 2020 12:18:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395300 The Karnataka High Court dismissed the appeal under Section 260-A of the Income Tax Act, 1961, regarding the interpretation of provisions under Section 80IA. The court held that the deduction should be windmill-wise and that all units, including loss-making ones, should be considered for computing total income. The court relied on a previous judgment and ruled against the revenue, emphasizing that energy generation is one undertaking and windmills are units of the same enterprise. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395300