https://www.taxtmi.com/caselaws?id=263452 The ITAT Delhi held that brought forward losses from the eligible unit must be set off against the income for the current year before granting deduction u/s 10A for Assessment Year 2003-04. For Assessment Year 2004-05, the tribunal ruled that the Assessing Officer must address objections raised by the assessee before finalizing assessments under section 147. The tribunal set aside the assessment orders and remitted the matter for proper disposal of objections, allowing the appeal for statistical purposes. The judgment provided a comprehensive legal analysis and upheld fair resolution based on established precedents. en-us Fri, 27 Feb 2015 00:00:00 +0530 Thu, 03 Sep 2015 07:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263452 The ITAT Delhi held that brought forward losses from the eligible unit must be set off against the income for the current year before granting deduction u/s 10A for Assessment Year 2003-04. For Assessment Year 2004-05, the tribunal ruled that the Assessing Officer must address objections raised by the assessee before finalizing assessments under section 147. The tribunal set aside the assessment orders and remitted the matter for proper disposal of objections, allowing the appeal for statistical purposes. The judgment provided a comprehensive legal analysis and upheld fair resolution based on established precedents. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263452