https://www.taxtmi.com/caselaws?id=414005 The Tribunal dismissed both appeals for A.Y. 2012-13 and A.Y. 2013-14, upholding decisions in favor of the assessee regarding deduction u/s.80IA and liability on account of revised wages under the Wage Board recommendations for both assessment years. The Tribunal ruled that losses from prior years cannot offset income from the windmill unit in subsequent years and supported the assessee's claim for deduction under the mercantile system of accounting despite payments being made in later years. en-us Thu, 21 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414005 The Tribunal dismissed both appeals for A.Y. 2012-13 and A.Y. 2013-14, upholding decisions in favor of the assessee regarding deduction u/s.80IA and liability on account of revised wages under the Wage Board recommendations for both assessment years. The Tribunal ruled that losses from prior years cannot offset income from the windmill unit in subsequent years and supported the assessee's claim for deduction under the mercantile system of accounting despite payments being made in later years. Case-Laws Income Tax Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414005