Loss of one industrial undertaking cannot be set off against the profit of another such industrial undertaking for purpose of computing deduction u/s 80-I

CASE LAWS DETAILS

DECIDED BY: HIGH COURT OF DELHI,

IN THE CASE OF : CIT Vs Sona Koyo Steering Systems Ltd., APPEAL NO: ITA No. 1279/2008 and 194,416,761 and 788 of 2009, DECIDED ON: February 10, 2010

RELEVANT PARAGRAPH

7. Section 80-I(1) reads as under:-Please become a Premium member. If you are already a Premium member, login here to access the full content.