Section 80-IA-Synco Industries vs. ITO (Supreme Court)

Court :
SC

Brief :
(a) If the assessee has suffered a loss in one unit, the same has to be set-off against the profits of the undertaking eligible for deduction u/s 80IA etc and if the resultant figure is a loss, no deduction under Chapter VI-A is allowable; (b) Where the predominant majority of the High Courts have taken a certain view on the interpretation of certain provisions, the Supreme Court would lean in favour of the predominant view.

Citation :
LexDoc Id: 336018

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