https://www.taxtmi.com/caselaws?id=466864 Deduction under section 80IA(4) for power generation businesses must be computed unit-wise, treating each windmill or solar plant as an independent eligible undertaking and as the only source of income in its initial assessment year; applying this principle, a unit showing positive income is entitled to the deduction notwithstanding consolidated losses in the eligible business. The initial assessment year for section 80IA(3)/(5) is the year in which the assessee first exercises the option to claim the deduction. The conclusions favour the assessee and endorse coordinate-bench precedent and CBDT clarification on unit-wise computation. en-us Fri, 27 Sep 2024 00:00:00 +0530 Mon, 23 Feb 2026 11:49:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466864 Deduction under section 80IA(4) for power generation businesses must be computed unit-wise, treating each windmill or solar plant as an independent eligible undertaking and as the only source of income in its initial assessment year; applying this principle, a unit showing positive income is entitled to the deduction notwithstanding consolidated losses in the eligible business. The initial assessment year for section 80IA(3)/(5) is the year in which the assessee first exercises the option to claim the deduction. The conclusions favour the assessee and endorse coordinate-bench precedent and CBDT clarification on unit-wise computation. Case-Laws Income Tax Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466864