The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that unit-wise deductions under Section 80IA of the Income Tax Act,1961,must be granted without considering losses from other eligible units. The Revenue appellant contested two penalties under Section 271(1)(c) of the Income Tax Act related to the Assessment Years(AY) 2015-16 and 2016-17, which…
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