https://www.taxtmi.com/caselaws?id=178347 The High Court upheld the decision allowing the deduction claimed by the respondent-assessee under Section 10A without adjusting losses of other units and without setting off brought forward losses/unabsorbed depreciation of earlier years. The Court emphasized that the deduction under Section 10A should be granted at the stage of computing profits and gains of business, separate from the provisions of Chapter VI-A concerning loss carry forwards. The Court also affirmed the order directing revision of the reduction of brought forward losses, in line with statutory provisions and established legal precedents. en-us Fri, 01 Mar 2013 00:00:00 +0530 Tue, 02 Feb 2016 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178347 The High Court upheld the decision allowing the deduction claimed by the respondent-assessee under Section 10A without adjusting losses of other units and without setting off brought forward losses/unabsorbed depreciation of earlier years. The Court emphasized that the deduction under Section 10A should be granted at the stage of computing profits and gains of business, separate from the provisions of Chapter VI-A concerning loss carry forwards. The Court also affirmed the order directing revision of the reduction of brought forward losses, in line with statutory provisions and established legal precedents. Case-Laws Income Tax Fri, 01 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178347