Deduction u/s 80ia of it act in case of overallbusiness loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2015 In case where the assessee has loss in some projects and profits in others and there was net loss from business, and there was net short term capital gains which resulted in net taxable income for the assessee, can deduction u/s 80IA of IT Act be claimed from projects which ended in profit ?

27 November 2015 Yes 80IA deduction can be claimed on projects which ended in profits.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2015 Thank you very much..

Could you please provide any case-law reference for the above

10 December 2015 see the link.
www.taxguru.in/income-tax-case-laws/deduction-80ia-allowed-unitwise-deducting-losses-unit.html


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