2018 (10) TMI 1186

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Deputy Commissioner of Income Tax [2015 (3) TMI 158 - MADRAS HIGH COURT] as held having exercised their option and their losses have been set off already against other income of the business enterprise, the assessee in this appeal falls within the parameters of Section 80IA of the Income Tax Act - decided in favour of the assessee. - Tax Case Appeal No.1497 of 2008 - - - Dated:- 18-9-2018 - Mr. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er Section 80IA of the Act in respect of windmill unit? 2.Whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that for the purpose of computing deduction under Section 80IA of the Act, the profits of the windmill unit have to be computed for any assessment year as if it were the only source of income for the assessee and the earlier year's l .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e claimed the benefit of deduction under Section 80IA of the Income Tax Act for the assessment years in question and the for subsequent year as well. Having exercised their option and their losses have been set off already against other income of the business enterprise, the assessee in this appeal falls within the parameters of Section 80IA of the Income Tax Act. In the decision reported in (2012 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X