In the result, the appeal of the assessee is allowed
Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)
section 80IA. But in actually, the company had incurred loss of Rs. 3,91,00,050/-(561588714-5224S8664) instead of profit amounting to Rs. 24,07,35,537/-. Thus, the company had claimed excess deduction amounting to Rs. 24,07,35,537/-." In response to this, we would like to inform that Cogen Unit for production of steam