SB hearing is scheduled on 28/12/2007 for the consideration of following question:
Whether, in view of the provisions of section 80IA(5) of the Income tax Act, 1961 the profit from the eligible business for the purpose of deduction u/s 80IA of the Act has to be computed after deduction of the notional brought forward losses and depreciation of eligible business even though they have been allowed set off against other income in earlier years?
If any body wants to intervene or make any submissions, pl reply or get in touch with me
tushar hemani
Hon. Sec. ITAT Bar A'bad.