Deduction u/s 80IA is allowed unit wise

DCIT Vs Gujarat JHM Hotels Ltd. (ITAT Surat)

Held that deduction under Section 80IA of the Income Tax Act is to be allowed unit wise without deducting incurred loss by the other unit of eligible business and allowed the appeal of assessee.

Facts-

The assessee is engaged in the business of hotel and also have power generation windmills. During the reassessment, AO noted that the assessee has incurred losses from the eligible business of generation of power. The asses

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