Section 80IA – SLP dismissed against impugned order of HC that where by virtue of section 79 business loss of assessee prior to assessment year 2001-02 had already lapsed, same could not be notionally carried forward and set off against profits and gains of assesses business for AY 2005-06 under consideration in computing deduction u/s 80IA(1).
ACIT v. Vodafone Essar Gujarat Ltd. – [2023] 149 taxmann.com 1 (SC).