https://www.taxtmi.com/caselaws?id=205439 Section 10A relief is computed undertaking-wise on the eligible unit's profits, not by first setting off brought forward losses or unabsorbed depreciation of other units. The Chapter VI-A aggregation and set-off rules under sections 80A and 80AB do not govern a claim under Chapter III, so profits of the eligible undertaking are reduced independently for the deduction computation. Authorities relied on by the Revenue were distinguished on the statutory scheme and facts. The deduction under section 10A therefore could not be denied merely because other units had prior losses or depreciation, and the assessee's claim was allowed. en-us Fri, 29 Oct 2010 00:00:00 +0530 Wed, 10 Aug 2011 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205439 Section 10A relief is computed undertaking-wise on the eligible unit's profits, not by first setting off brought forward losses or unabsorbed depreciation of other units. The Chapter VI-A aggregation and set-off rules under sections 80A and 80AB do not govern a claim under Chapter III, so profits of the eligible undertaking are reduced independently for the deduction computation. Authorities relied on by the Revenue were distinguished on the statutory scheme and facts. The deduction under section 10A therefore could not be denied merely because other units had prior losses or depreciation, and the assessee's claim was allowed. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205439