https://www.taxtmi.com/caselaws?id=176246 The court affirmed that the deduction claimed under Section 10A of the Income Tax Act should be allowed without adjusting losses of other units or brought forward losses/depreciation. The Tribunal's decision in favor of the assessee was upheld, emphasizing that Section 10A provides for a deduction to be given effect at the stage of computing profits and gains of business, separate from provisions related to carry forward and set off of losses. The court dismissed the Revenue's appeal, following precedent that the deduction under Section 10A should not be adjusted with other losses or provisions, in line with the interpretation set by the Bombay High Court. en-us Mon, 18 Feb 2013 00:00:00 +0530 Wed, 31 May 2017 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176246 The court affirmed that the deduction claimed under Section 10A of the Income Tax Act should be allowed without adjusting losses of other units or brought forward losses/depreciation. The Tribunal's decision in favor of the assessee was upheld, emphasizing that Section 10A provides for a deduction to be given effect at the stage of computing profits and gains of business, separate from provisions related to carry forward and set off of losses. The court dismissed the Revenue's appeal, following precedent that the deduction under Section 10A should not be adjusted with other losses or provisions, in line with the interpretation set by the Bombay High Court. Case-Laws Income Tax Mon, 18 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176246