https://www.taxtmi.com/caselaws?id=254719 The Tribunal affirmed the CIT(A)'s decisions in a case involving the deduction under Section 10B and disallowance under Section 40(a)(i). It held that the deduction under Section 10B should be allowed before setting off brought forward business losses. Additionally, it ruled that the payment to M/s Novatel, USA, was not subject to disallowance under Section 40(a)(i) due to non-deduction of tax at source. The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. en-us Fri, 12 Sep 2014 00:00:00 +0530 Mon, 16 Feb 2015 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254719 The Tribunal affirmed the CIT(A)'s decisions in a case involving the deduction under Section 10B and disallowance under Section 40(a)(i). It held that the deduction under Section 10B should be allowed before setting off brought forward business losses. Additionally, it ruled that the payment to M/s Novatel, USA, was not subject to disallowance under Section 40(a)(i) due to non-deduction of tax at source. The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254719