https://www.taxtmi.com/caselaws?id=408928 Deduction under section 80IA was to be computed by treating the eligible business as the only source of income for quantification, and each eligible power-generating unit had to be considered independently as a separate and distinct unit. The court applied the earlier binding Division Bench ruling involving the same assessee and statutory setting, and distinguished computation of deduction from computation of gross total income. On that basis, the Revenue's objection that the deduction had to be confined differently was rejected, and the assessee's claim to section 80IA deduction was upheld. en-us Mon, 21 Jun 2021 00:00:00 +0530 Sat, 26 Oct 2024 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408928 Deduction under section 80IA was to be computed by treating the eligible business as the only source of income for quantification, and each eligible power-generating unit had to be considered independently as a separate and distinct unit. The court applied the earlier binding Division Bench ruling involving the same assessee and statutory setting, and distinguished computation of deduction from computation of gross total income. On that basis, the Revenue's objection that the deduction had to be confined differently was rejected, and the assessee's claim to section 80IA deduction was upheld. Case-Laws Income Tax Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408928