TMI Blog2021 (10) TMI 1057X X X X Extracts X X X X X X X X Extracts X X X X ..... 09-10, 2010-11 2011-12 [ 2019 (6) TMI 1644 - ITAT PUNE] has accepted the assessee s claim. The ld. DR fairly accepted the position. In view of the foregoing discussion and respectfully following the precedent, we uphold the impugned order on this score. Liability on account of revised wages - HELD THAT:- As seen that Central Govt. set up Wage Board for the working Journalists and other Newspaper employees. The Board submitted its report on 31-12-2010. The Central Govt. issued consequential notification on 11-11-2011 accepting the recommendations, which was challenged in the Courts of law and eventually got nod in a later year. In terms of the notification of the Central Govt., the assessee recomputed the amount of wages pertaining t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of deduction u/s.80IA of the Income-tax Act, 1961 (hereinafter also called `the Act ). 3. Briefly stated, the facts of the case are that the assessee claimed deduction u/s.80IA(4) amounting to ₹ 52,97,053/-. The Assessing Officer (AO) observed that the assessee suffered losses in the eligible wind mill unit in earlier years. Since the amount of such aggregate losses was more than the claim of deduction u/s.80IA(4) for the year at ₹ 52.97 lakh, the AO disallowed the deduction. The ld. CIT(A) reversed the assessment order on this point, against which the Revenue has come up in appeal before the Tribunal. 4. We have heard the rival submissions and scanned through the material placed before us. It is seen that the losses perta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to have been made in the period relevant to the A.Y. 2014-15, the AO disallowed the same. The ld. first appellate authority overturned the impugned order on this ground. 7. Having heard both the sides and gone through the relevant material on record, it is seen that Central Govt. set up Wage Board for the working Journalists and other Newspaper employees. The Board submitted its report on 31-12-2010. The Central Govt. issued consequential notification on 11-11-2011 accepting the recommendations, which was challenged in the Courts of law and eventually got nod in a later year. In terms of the notification of the Central Govt., the assessee recomputed the amount of wages pertaining to the year under consideration and claimed deduction for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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