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
U/s 10B of IT Act
Rinky Jhanwar
Exploring Section 10B: Can Benefits Be Claimed Before Offsetting Losses and Depreciation? Case Laws Discussed. An individual inquired about the application of Section 10B of the Income Tax Act, specifically regarding the allowance of benefits before setting off brought forward losses and unabsorbed depreciation. The query sought case law or judgments to support this claim and suggestions for addressing the issue. A respondent provided a resource link to a list of case laws related to Section 10B, which may include relevant cases addressing the issues raised. (AI Summary)