https://www.taxtmi.com/caselaws?id=181713 The Tribunal held that deduction under section 10A must be computed on the profits of the eligible undertaking before setting off brought forward losses of non-10A units. It treated section 10A as a Chapter III deduction, not an exemption, and held that section 80AB of Chapter VI-A does not govern its computation. On that basis, the eligible unit's profits were first taken for section 10A relief, and the losses of other units could be adjusted only afterwards. The issue was decided in favour of the assessee. en-us Wed, 20 Apr 2011 00:00:00 +0530 Fri, 22 Apr 2016 14:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181713 The Tribunal held that deduction under section 10A must be computed on the profits of the eligible undertaking before setting off brought forward losses of non-10A units. It treated section 10A as a Chapter III deduction, not an exemption, and held that section 80AB of Chapter VI-A does not govern its computation. On that basis, the eligible unit's profits were first taken for section 10A relief, and the losses of other units could be adjusted only afterwards. The issue was decided in favour of the assessee. Case-Laws Income Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181713