https://www.taxtmi.com/caselaws?id=757594 ITAT Ahmedabad addressed deduction u/s 80IA for assessee engaged in manufacturing electronically engraved copper rollers and wind mill business. AO disallowed deduction following Goldmine Share precedent requiring computation after notional brought forward losses. CIT(A) allowed deduction but failed to verify factual aspects regarding commissioning of new windmill and computation requirements for assessment year 2017-18. ITAT upheld favorable precedent principle but remitted matter to CIT(A) for proper factual verification of deduction claims. Revenue's appeal allowed for statistical purposes. en-us Fri, 23 Aug 2024 00:00:00 +0530 Wed, 28 Aug 2024 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757594 ITAT Ahmedabad addressed deduction u/s 80IA for assessee engaged in manufacturing electronically engraved copper rollers and wind mill business. AO disallowed deduction following Goldmine Share precedent requiring computation after notional brought forward losses. CIT(A) allowed deduction but failed to verify factual aspects regarding commissioning of new windmill and computation requirements for assessment year 2017-18. ITAT upheld favorable precedent principle but remitted matter to CIT(A) for proper factual verification of deduction claims. Revenue's appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757594