https://www.taxtmi.com/caselaws?id=179170 The Bombay HC dismissed the revenue's appeal for the assessment year 2006-07. It held that unabsorbed depreciation and losses of a non-eligible unit cannot be set off against the profit of an eligible unit for deduction under section 10B. The decision favored the assessee based on a previous court ruling, with no costs awarded. en-us Mon, 25 Feb 2013 00:00:00 +0530 Wed, 31 May 2017 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179170 The Bombay HC dismissed the revenue's appeal for the assessment year 2006-07. It held that unabsorbed depreciation and losses of a non-eligible unit cannot be set off against the profit of an eligible unit for deduction under section 10B. The decision favored the assessee based on a previous court ruling, with no costs awarded. Case-Laws Income Tax Mon, 25 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179170