https://www.taxtmi.com/caselaws?id=326356 Under the amended Section 10A scheme, profits of the eligible undertaking are to be excluded from total income before setting off brought forward losses and unabsorbed depreciation. The earlier view on the unamended provision was distinguished, and the later jurisdictional High Court ruling was followed for this computation approach. The practical effect is that deduction under Section 10A is worked out first, without first reducing the eligible profits by prior-year losses or unabsorbed depreciation. en-us Wed, 09 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 10:04:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326356 Under the amended Section 10A scheme, profits of the eligible undertaking are to be excluded from total income before setting off brought forward losses and unabsorbed depreciation. The earlier view on the unamended provision was distinguished, and the later jurisdictional High Court ruling was followed for this computation approach. The practical effect is that deduction under Section 10A is worked out first, without first reducing the eligible profits by prior-year losses or unabsorbed depreciation. Case-Laws Income Tax Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326356