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2016 (5) TMI 946 - HC - Income TaxEntitlement to claim deduction under Section 80-IA - Held that:- The assessee is an individual having income from salary, business and other sources and is generating power through windmills and has claimed the benefit of deduction under Section 80IA of the Income Tax Act for the assessment year in question and for the subsequent years as well. Having exercised his option and his 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. There appears to be no distinction on facts in relation to the decision reported in Velayudhaswamy Spinning Mills [2010 (3) TMI 860 - Madras High Court]. - Decided in favour of the assessee
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