this regard, adverted to a plain language of sub-section (2) of Section
80IA of the Act. Although this issue is not proposed before ... Madras High Court, proceeded on
the following lines: Because sub-section (5) of Section 80IA opens with a non-
obstante clause, therefore, loss or unabsorbed
view, is the plain
language of sub-section (4)(ii) of Section 80IA of the Act. The said
provision is extracted hereafter:
"(4) This ... contended, that the expression which
finds mention in Sub-Section (4) Clause (ii) of Section 80IA of the Act is
"undertaking" and since
this regard, adverted to a plain language of sub-section (2) of Section 80IA
of the Act. Although this issue is not proposed before ... Velayudhaswamy Spinning Mills (P.) Ltd. case has broken down sub-
section (5) of Section 80IA of the Act and analysed as to what would
normal provisions of
Rs.6,97,07,710/- after deduction under Section 80IA ... With respect to Question [B], the
issue pertains to sub Section (8) of
Section 80IA of the Income Tax Act,
1961. The assessee
sale of DEPB license for the purpose of
deduction under Section 80IA of the Act, in view of the
decision of Supreme Court in case ... rendered in the background of
Section 80HHC of the Act. Counsel for the Revenue would
contend that Section 80IA of the Act would stand
purpose and, therefore, the question of claiming of any
deduction under section 80IA of the Act would not arise. This appears to
be factually incorrect ... shelter and, therefore,
the assessee is entitled to deduction under section 80IA of the Act. The
Tribunal followed the decision of this Court
assessee amounting to Rs.7,58,28,400/- under
Section 80IA of the Income Tax Act, 1961, by treating the
assessee as a developer ... qualify to be a
developer within the meaning of Section 80IA(4) read with
Explanation under Section 80IA(13) of the Income
assessee amounting to Rs.7,58,28,400/- under
Section 80IA of the Income Tax Act, 1961, by treating the
assessee as a developer ... qualify to be a
developer within the meaning of Section 80IA(4) read with
Explanation under Section 80IA(13) of the Income
gave direction to the assessing officer to allow the deduction under section
80IA of the Income Tax Act, 1961 as per unit-wise profit/loss ... total income as loss and accordingly the deduction under section 80IA of
the Income Tax Act, 1961 was denied to the assessee ?
b. Whether
deem fit.
Explanation.—For the purposes of this sub-section,
"market value", in relation to any goods, means the price
that such goods ... would
ordinarily fetch on sale in the open market.
15.7. Thus, Section 80IA (8) provides that where goods or
services held for the purposes
