https://www.taxtmi.com/caselaws?id=120048 The Tribunal upheld the CIT(A)'s decision, allowing exemption under section 10A without offsetting the losses of the non-10A unit. It concluded that the income from the 10A unit should be excluded before computing the gross total income. Consequently, the Tribunal permitted the carry forward of losses and depreciation of the non-10A unit, dismissing the revenue's appeal. en-us Fri, 04 Aug 2006 00:00:00 +0530 Thu, 29 Feb 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120048 The Tribunal upheld the CIT(A)'s decision, allowing exemption under section 10A without offsetting the losses of the non-10A unit. It concluded that the income from the 10A unit should be excluded before computing the gross total income. Consequently, the Tribunal permitted the carry forward of losses and depreciation of the non-10A unit, dismissing the revenue's appeal. Case-Laws Income Tax Fri, 04 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120048