DEDUCTION UNDER CHAPTER VIA
- The Bangalore ITAT bench in Anil H. Lad vs. DCIT has held that Loss & Depreciation of eligible unit prior to "initial assessment year", if set-off against other income, cannot be notionally carried forward for purposes of section 80IA(5).
- The Mumbai High Court in CIT vs. Jyoti Plastic Works Pvt. Ltd. has held that for claiming deduction u/s. 80-IB "workers" need not be "employees", even persons employed through agency would be workers for the purposes of this section.