Case: A Company have TWO business units. One unit is in the business of wind power generation and another is in trading business. There is loss in wind power project and profit in trading business during the financial year 2009-10.The wind power project is entitled to claim 100% deduction u/s 80IB.
Query: Whether the loss of wind power project is available for set off against the profit of trading busness? Kindly suggest urgently.
CAclubindia
