Deduction u/s. 80IA granted unit-wise without considering profit or loss of other eligible units: ITAT Ahmedabad

ACIT Vs Rajkamal Builders Infrastructure Pvt Ltd (ITAT Ahmedabad) ITAT Ahmedabad held that in terms of provisions of sub Section 5 of Section 80 IA of the Income Tax Act, deduction has to be given unit wise without considering profit or loss of other eligible units. Facts- Revenue has preferred the present appeal contesting that CIT(A) has erred in law and on facts in deleting the Penalty u/s 271(1)(c) of IT Act of Rs.1,72,57,400/- on quantum additions i.e. Set off of losses of Rs.49,21,774/ while claiming deduction u/s. 80IA and disallowance of claim of deduction u/s. 80IA of Rs. 4,82,31,111/...