https://www.taxtmi.com/caselaws?id=790979 Deduction computation under sections 80HHC and 80IA, including the treatment of loss from windmill business for section 80HHC purposes, had to be reconsidered in light of a later binding Supreme Court ruling. The existing assessment could not be sustained on the earlier basis because the subsequent legal position affected the taxable income computation. The Assessing Authority was therefore directed to recompute the deductions and taxable income by applying the updated Supreme Court guidance. The issues were not finally determined on merits, and the matter was remitted for fresh assessment in accordance with the later law. en-us Tue, 21 Apr 2026 00:00:00 +0530 Mon, 04 May 2026 07:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790979 Deduction computation under sections 80HHC and 80IA, including the treatment of loss from windmill business for section 80HHC purposes, had to be reconsidered in light of a later binding Supreme Court ruling. The existing assessment could not be sustained on the earlier basis because the subsequent legal position affected the taxable income computation. The Assessing Authority was therefore directed to recompute the deductions and taxable income by applying the updated Supreme Court guidance. The issues were not finally determined on merits, and the matter was remitted for fresh assessment in accordance with the later law. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790979