Deduction u/s 80 IA cannot be denied if losses set off against previous year income

Issue before court:

• The only issue before Hon’ble court is that whether assessee is entitled to claim deduction u/s 80 IA even though it have been set off losses against the profits from other sources.

Brief Facts:

• Assessee installed windmills and generate windpower during the years in concern.
• Assessee claimed deduction u/s 80 IA after setting off losses incurred and adjusted against the prof

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