U/s 10B of IT Act

[Guest]

Benefit of section 10B to be allowed to an assessee before setting off of brought forward loss and unabsorbed depreciation. mu queries are 1) Is there any case law / judgement to support our claim 3) Any suggestin / wayout on the above issue

[Surender Gupta]

From the list of case laws dealing with section 10B, you may find certain cases  involving issues referred by you:

AI Summary

Section 10B benefit before setting off brought forward losses questioned; guidance points to a s10B case law compilation. Whether the section 10B tax benefit must be allowed before set off of brought forward business losses and unabsorbed depreciation is the issue; the reply points to a consolidated list of section 10B case law as the source for supporting authorities and practical guidance.