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![S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043158-deduction-deduction-must-be-computed-solely-solely-on-eligible-units-profit.webp "S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]")
S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently reaffirmed that deductions under section 80-IC of the Income Tax Act, 1961...
![ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2043143-sysmex-india-pvt-ltd-site-img.webp "ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]")
![ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Deductions-for-Notice-Pay-Scrap-Sales-Miscellaneous-Income-of-Income-Tax-Act-taxscan.jpg "ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]")
![Income Tax Addition made towards Unsubstantiated Share Capital is eligible for Deduction u/s 80-IC of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-Tax-Exemption-Salaried-Employees-Income-Tax-Exemption-for-Salaried-Employees-taxscan-1.jpg "Income Tax Addition made towards Unsubstantiated Share Capital is eligible for Deduction u/s 80-IC of Income Tax Act: Delhi HC [Read Order]")
![100% Deduction not available u/s 80-IC If Substantial Expansion in Manufacturing was carried out after 5 Years: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/Deduction-Supreme-Court-of-India-Taxscan.jpg "100% Deduction not available u/s 80-IC If Substantial Expansion in Manufacturing was carried out after 5 Years: SC [Read Judgment]")
Exemption Period of 10 years u/s 80-IC is to be calculated from the Initial Year of Substantial Expansion: Supreme Court [Read Judgment]
The Supreme Court in Mahabir Industries vs. Principal Commissioner of Income Tax, held that the periods for which deductions were availed earlier by an assessee under Section 80-IA and Section 80-IB...
![Exemption Period of 10 years u/s 80-IC is to be calculated from the Initial Year of Substantial Expansion: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Exemption Period of 10 years u/s 80-IC is to be calculated from the Initial Year of Substantial Expansion: Supreme Court [Read Judgment]")