Loss of Eligible Business Unit u/s. 80IB(10) can be set off against other business income

ITAT BANGALORE BENCH ‘C’ Assistant Commissioner of Income-tax Versus Sterling Developers (P.)Ltd. IT Appeal NO. 487 (BANG.) OF 2012 [ASSESSMENT YEAR 2008-09] JANUARY  31, 2013 ORDER Jason P. Boaz, Accountant Member This appeal by revenue is directed against the order of the Commissioner of Income Tax (Appeals)-III, Bangalore dated 5.1.2012 for Assessment Year 2008-09. 2. The facts of the case, in brief, are as under : 2.1 The assessee, a company carrying on business as builders and developers of real estate, filed its return of income for Assessment Year 2008-09 ...