https://www.taxtmi.com/caselaws?id=328981 The Tribunal quashed the CIT's order under Section 263, ruling that the assessment order was not erroneous and prejudicial to the Revenue's interests. The assessee's appeal was allowed, emphasizing that the deduction under Section 10A should be permitted before setting off brought forward losses and depreciation. The decision was pronounced in Open Court on 17th June 2016. en-us Fri, 17 Jun 2016 00:00:00 +0530 Sat, 18 Jun 2016 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328981 The Tribunal quashed the CIT's order under Section 263, ruling that the assessment order was not erroneous and prejudicial to the Revenue's interests. The assessee's appeal was allowed, emphasizing that the deduction under Section 10A should be permitted before setting off brought forward losses and depreciation. The decision was pronounced in Open Court on 17th June 2016. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328981