Eligible unit deduction u/s. 80IA of the Income Tax Act allowable on gross basis: ITAT Delhi

Pragati Power Corporation Ltd Vs ACIT (ITAT Delhi) ITAT Delhi held that eligible unit deduction u/s 80IA of the Income Tax Act has to be granted on gross basis treating that is the only undertaking with the assessee without set off losses of other industrial units of the assessee. Facts- The matter involved in the present case is that according to assessee deduction u/s. 80IA has to be computed in respect of the profit of the eligible unit only in terms of section 80-IA(5) of the Act, which according to the assessee is Rs.203,36,83,278/-. But according to the section 80A(2), deduction under Ch...