https://www.taxtmi.com/caselaws?id=250917 Section 10A is applied as a deduction provision after amendment, so profits and losses of eligible units are computed under the normal scheme and carried-forward business losses and depreciation may be set off as permitted. A later STP unit set up with fresh approval and investment may be treated as a separate undertaking for section 10A purposes. Incidental notice-pay recovery from the software-export business can form eligible business income, and audited travelling expenditure is not disallowable without contrary business-use evidence. Depreciation on computer peripherals at the higher rate is supportable where covered by precedent. Foreign tax credit is available under section 90 and the treaty framework, and arm's length pricing may be tested on an entity-level basis where the business is functionally integrated. en-us Tue, 06 May 2014 00:00:00 +0530 Fri, 20 Mar 2015 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250917 Section 10A is applied as a deduction provision after amendment, so profits and losses of eligible units are computed under the normal scheme and carried-forward business losses and depreciation may be set off as permitted. A later STP unit set up with fresh approval and investment may be treated as a separate undertaking for section 10A purposes. Incidental notice-pay recovery from the software-export business can form eligible business income, and audited travelling expenditure is not disallowable without contrary business-use evidence. Depreciation on computer peripherals at the higher rate is supportable where covered by precedent. Foreign tax credit is available under section 90 and the treaty framework, and arm's length pricing may be tested on an entity-level basis where the business is functionally integrated. Case-Laws Income Tax Tue, 06 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250917