Unit-Wise Deductions u/s 80IA must be Granted without considering Losses from other Eligible Units: ITAT

The Income Tax Appellate Tribunal (ITAT) ruled that unit-wise deductions under Section 80IA must be granted without considering losses from other eligible units. The case involved a company claiming deductions for profits generated by eligible units while incurring losses in other units. The tribunal held that each unit’s profit or loss should be assessed independently for the purpose of Section 80IA deductions. This decision provides clarity on the application of Section 80IA, ensuring that taxpayers can claim deductions based on individual unit performance.