https://www.taxtmi.com/caselaws?id=295799 The Court upheld the Tribunal's decision in favor of the assessee, dismissing the revenue's appeal. The Court held that the profits of eligible units should be computed without adjusting the loss from the rearing division against them when quantifying deductions under Section 80-IB of the Income-tax Act. The Court found the Tribunal's decision in line with the law, citing relevant precedents, and ruled that the loss sustained in the rearing division should not be adjusted against the profits of eligible units for the purpose of granting deductions under Section 80-IB. en-us Fri, 16 Jan 2015 00:00:00 +0530 Mon, 21 Jun 2021 09:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295799 The Court upheld the Tribunal's decision in favor of the assessee, dismissing the revenue's appeal. The Court held that the profits of eligible units should be computed without adjusting the loss from the rearing division against them when quantifying deductions under Section 80-IB of the Income-tax Act. The Court found the Tribunal's decision in line with the law, citing relevant precedents, and ruled that the loss sustained in the rearing division should not be adjusted against the profits of eligible units for the purpose of granting deductions under Section 80-IB. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295799