Held loss incurred in respect of its business unit claiming deduction under section 35AD could be set-off against profit of assessee from another unit which was not eligible for deduction. (AY. 2011 012, 2012-13)
Sarovar Hotels (P.) Ltd. v. DCIT (2021) 188 ITD 498 (Mum.)(Trib.)
S. 73A : Carry forward and set off of losses by specified business-Loss can be set-off another unit which was not eligible for deduction.