https://www.taxtmi.com/caselaws?id=436249 The Appellate Tribunal, Chennai, allowed the appeal filed by the assessee, directing the Assessing Officer to grant the deduction claimed under section 80IA without setting off losses from other eligible units. The judgment emphasized the need to treat profits derived from industrial undertakings as the sole source of income for calculating deductions under Chapter VI of the Act, in line with a Supreme Court ruling. en-us Wed, 15 Mar 2023 00:00:00 +0530 Fri, 07 Apr 2023 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436249 The Appellate Tribunal, Chennai, allowed the appeal filed by the assessee, directing the Assessing Officer to grant the deduction claimed under section 80IA without setting off losses from other eligible units. The judgment emphasized the need to treat profits derived from industrial undertakings as the sole source of income for calculating deductions under Chapter VI of the Act, in line with a Supreme Court ruling. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436249