Section 80-IA deduction allowed against positive gross total income despite business loss

Geecee Ventures Limited Vs DCIT (ITAT Mumbai)

Income Tax Appellate Tribunal (ITAT) Mumbai, in the case of Geecee Ventures Limited Vs. DCIT, has delivered a significant ruling on two key areas of income tax law: the allowance of deduction under Section 80-IA and the computation of disallowance under Section 14A. The decision, pronounced on May 30, 2025, addresses how these provisions interact with various income heads and investment types.

Section 80-IA Deduction and Business Losses

The ITAT addressed the is

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