https://www.taxtmi.com/caselaws?id=786123 Notional carry forward of depreciation losses set off against other income cannot be treated as a notional loss for computing deduction under section 80IA, because the statute does not permit bringing forward losses already absorbed against other business profits; outcome: notional carry forward disallowed. Separately, deduction computations under provisions grouped in Chapter VIA remain allowable for computation, but section 80IA(9) limits aggregate allowability so that combined deductions under 80IA and other Chapter VIA provisions do not exceed 100% of eligible business profits; outcome: aggregate cap affirmed. en-us Mon, 02 Feb 2026 00:00:00 +0530 Fri, 06 Feb 2026 09:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786123 Notional carry forward of depreciation losses set off against other income cannot be treated as a notional loss for computing deduction under section 80IA, because the statute does not permit bringing forward losses already absorbed against other business profits; outcome: notional carry forward disallowed. Separately, deduction computations under provisions grouped in Chapter VIA remain allowable for computation, but section 80IA(9) limits aggregate allowability so that combined deductions under 80IA and other Chapter VIA provisions do not exceed 100% of eligible business profits; outcome: aggregate cap affirmed. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786123