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2015 (2) TMI 541 - HC - Income TaxDeduction under section 80-IA - Held that:- The facts in the present case are that all the business undertakings are wind mills and they have claimed the benefit of deduction under Section 80IA of the Income Tax Act for the assessment years in question and for the subsequent years 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 Velayudhaswamy Spinning Mills V. Asst. CIT( 2010 (3) TMI 860 - Madras High Court ) there appears to be no distinction on facts. - Decided in favour of the assessee
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