https://www.taxtmi.com/caselaws?id=258528 The Tribunal's decision to uphold the Assessee's claim for set off of unabsorbed business loss from the assessment year 2002-03 against the profits of the 10A unit for the assessment year 2005-06 was deemed justified by the High Court. The interpretation of Section 10A and its subsections, particularly subsection (6), aligned with legal precedents and Circular No. 7 of 2005. The High Court found no error in the Tribunal's decision, dismissing the appeals as they did not raise substantial questions of law. Both appeals were dismissed without costs. en-us Tue, 07 Apr 2015 00:00:00 +0530 Tue, 11 Aug 2015 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258528 The Tribunal's decision to uphold the Assessee's claim for set off of unabsorbed business loss from the assessment year 2002-03 against the profits of the 10A unit for the assessment year 2005-06 was deemed justified by the High Court. The interpretation of Section 10A and its subsections, particularly subsection (6), aligned with legal precedents and Circular No. 7 of 2005. The High Court found no error in the Tribunal's decision, dismissing the appeals as they did not raise substantial questions of law. Both appeals were dismissed without costs. Case-Laws Income Tax Tue, 07 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258528