https://www.taxtmi.com/caselaws?id=243277 The High Court affirmed the Tribunal's decision in favor of the assessee, allowing the deduction claimed under section 10A without adjusting losses of other units or brought forward losses. The court emphasized that section 10A provides for a deduction to be considered at the stage of computing business profits. Additionally, the court dismissed the Revenue's appeal regarding the computation of book profit under section 115JB, aligning with the CIT [A]'s directions and confirming the Tribunal's decision. The court upheld the treatment of the STP Rajkot unit as a separate eligible undertaking for deduction under section 10A, ultimately dismissing the Tax Appeal. en-us Mon, 20 Jan 2014 00:00:00 +0530 Tue, 10 Feb 2015 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243277 The High Court affirmed the Tribunal's decision in favor of the assessee, allowing the deduction claimed under section 10A without adjusting losses of other units or brought forward losses. The court emphasized that section 10A provides for a deduction to be considered at the stage of computing business profits. Additionally, the court dismissed the Revenue's appeal regarding the computation of book profit under section 115JB, aligning with the CIT [A]'s directions and confirming the Tribunal's decision. The court upheld the treatment of the STP Rajkot unit as a separate eligible undertaking for deduction under section 10A, ultimately dismissing the Tax Appeal. Case-Laws Income Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243277