https://www.taxtmi.com/caselaws?id=182210 Deduction under section 10A is computed at the stage of determining profits of the eligible undertaking, before any set-off of brought forward losses or unabsorbed depreciation from earlier years. The eligible current profits are first identified and the deduction allowed on that basis; only the balance, if any, is then available for adjustment against past losses or depreciation. The provision was treated as pari materia with section 10B, and this approach was applied to accept the assessee's claim on the computation issue. en-us Mon, 30 Nov 2015 00:00:00 +0530 Thu, 05 May 2016 10:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182210 Deduction under section 10A is computed at the stage of determining profits of the eligible undertaking, before any set-off of brought forward losses or unabsorbed depreciation from earlier years. The eligible current profits are first identified and the deduction allowed on that basis; only the balance, if any, is then available for adjustment against past losses or depreciation. The provision was treated as pari materia with section 10B, and this approach was applied to accept the assessee's claim on the computation issue. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182210