https://www.taxtmi.com/caselaws?id=413520 The Income Tax Appellate Tribunal (ITAT) dismissed both appeals by the revenue, confirming the Commissioner of Income Tax (Appeals) [CIT(A)]'s orders. The ITAT upheld the full deduction under Section 80IA without adjusting losses of non-80IA units and restricted the disallowance under Section 14A to the amount of exempt income. The decisions aligned with judicial precedents and the Supreme Court's rulings, emphasizing the correct application of deductions and relief under the Income-tax Act, 1961. en-us Tue, 12 Oct 2021 00:00:00 +0530 Wed, 13 Oct 2021 08:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413520 The Income Tax Appellate Tribunal (ITAT) dismissed both appeals by the revenue, confirming the Commissioner of Income Tax (Appeals) [CIT(A)]'s orders. The ITAT upheld the full deduction under Section 80IA without adjusting losses of non-80IA units and restricted the disallowance under Section 14A to the amount of exempt income. The decisions aligned with judicial precedents and the Supreme Court's rulings, emphasizing the correct application of deductions and relief under the Income-tax Act, 1961. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413520