https://www.taxtmi.com/caselaws?id=214385 The Karnataka High Court upheld the decision of the Income Tax Appellate Tribunal and dismissed the Revenue's appeal regarding the deduction under Section 10A without setting off carried forward business loss and depreciation for the assessment year 2005-06. The Court noted the absence of a definitive Supreme Court ruling on the matter and decided not to delay its judgment based on a pending special leave petition, ultimately ruling against the Revenue. en-us Wed, 23 May 2012 00:00:00 +0530 Fri, 29 Jun 2012 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214385 The Karnataka High Court upheld the decision of the Income Tax Appellate Tribunal and dismissed the Revenue's appeal regarding the deduction under Section 10A without setting off carried forward business loss and depreciation for the assessment year 2005-06. The Court noted the absence of a definitive Supreme Court ruling on the matter and decided not to delay its judgment based on a pending special leave petition, ultimately ruling against the Revenue. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214385