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2010 (2) TMI 83 - DELHI HIGH COURTIndustrial undertaking - The assessee has two units, namely, a steering unit and an axle unit. In all these years, the assessee was incurring losses in one of the two units and profits in the other unit. The assessee claimed deduction under section 80-I of the Income-tax Act, 1961 - The Assessing Officer, while computing the deduction allowable to the assessee, set off the losses of one unit against the profits of the other unit and, thereafter, sought to compute the deduction. – Commissioner of Income-tax (Appeals) also took the same stand as the Assessing Officer. The plea of the assessee before the Income-tax Appellate Tribunal was that the two units are independent units and only the profit making unit should be considered eligible for the purposes of computing the deduction under section 80-I(6) read with the provisions of section 80-1(6). The Tribunal accepted the plea of the assessee - Held that undertaking entitled to special deduction to be treated as an independent unit
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