No Netting of profit/loss of eligible units to calculate section 80-IC deduction

Alliance India Vs DCIT (ITAT Chandigarh)

ITAT had decided the issue in favour of the assessee holding that no netting of profits and losses of the eligible units was to be done for the purpose of calculating the deduction under section 80-IC of the Act and each unit for the said purpose had to be treated separately.

FULL TEXT OF THE ITAT JUDGEMENT

All the above appeals have been preferred by the same assessee against the separate order

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