https://www.taxtmi.com/caselaws?id=218888 The Tribunal ruled in favor of the assessee on both issues. It held that the deduction under section 10B should be calculated without setting off carried forward losses. Additionally, it determined that the payments to Novatel were not subject to TDS under section 195, thus no disallowance under section 40(a)(i) was justified. The assessee's appeal was allowed, and the Tribunal ruled in favor of the assessee on all grounds. en-us Fri, 28 Sep 2012 00:00:00 +0530 Wed, 28 Nov 2012 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218888 The Tribunal ruled in favor of the assessee on both issues. It held that the deduction under section 10B should be calculated without setting off carried forward losses. Additionally, it determined that the payments to Novatel were not subject to TDS under section 195, thus no disallowance under section 40(a)(i) was justified. The assessee's appeal was allowed, and the Tribunal ruled in favor of the assessee on all grounds. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218888