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TMI Blog2020 (3) TMI 1347X X X X Extracts X X X X X X X X Extracts X X X X ..... ion is provided to the eligible business and not for an undertaking - HELD THAT:- The proposed substantial question of law No.1 has been already answered M/S. KARNATAKA POWER CORPORATION LTD [ 2015 (1) TMI 1460 - KARNATAKA HIGH COURT] . MAT Computation u/s 115JB - whether the tribunal was correct in holding that section 115JB was not applicable to the assessee in view of Explanation - 3 to se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x Appellate Tribunal, Bengaluru, in ITA.No.711/Bang/2011. 2. The following substantial questions of law are proposed for consideration in this appeal: 1. Whether on the facts and in the circumstances of the case, the tribunal was correct in holding that the assessee is entitled to deduction under section 80IA of the Act without setting off of the loss of loss-making units against the profit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s return of income has admitted the applicability of section 115JB of the Act? 3. When the matter is taken up today, learned counsel for the parties submitted that the proposed substantial question of law No.1 has been already answered by a Division Bench of this Court vide judgment dated 19.01.2015 in I.T.A.No.778/2009, whereas, substantial question of law No.2 is answered by another Divisio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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