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2015 (7) TMI 367 - HC - Income TaxDeduction under section 80-IA of the Income Tax Act - Held that:- The facts in the present case are also identical to the above-said decision of this Court 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 reported in [2010 (3) TMI 860 - Madras High Court ](Velayudhaswamy Spinning Mills V. Asst. CIT), there appears to be no distinction on facts. Again in Commissioner of Income Tax Versus M/s. Eastman Exports Global Clothing P. Ltd. [2015 (1) TMI 830 - MADRAS HIGH COURT], by order dated 12.1.2015, this Court, following the decision reported in [2010 (3) TMI 860 - Madras High Court ] (Velayudhaswamy Spinning Mills V. Asst. CIT) held in favour of the assessee and against the Revenue. - Decided against the revenue.
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