https://www.taxtmi.com/caselaws?id=184692 The ITAT Hyderabad allowed the Assessee's appeal, overturning the CIT's order under section 263 for the assessment year 2005-06. The CIT's decision to compute deduction under section 10A for the STPI unit after setting off losses of the non-STPI unit was rejected. The ITAT held that the CIT erred in assuming jurisdiction under section 263 as there were conflicting legal precedents on whether losses of non-10A unit can be set off against the income of the 10A unit. en-us Fri, 18 May 2012 00:00:00 +0530 Sat, 16 Jul 2016 17:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184692 The ITAT Hyderabad allowed the Assessee's appeal, overturning the CIT's order under section 263 for the assessment year 2005-06. The CIT's decision to compute deduction under section 10A for the STPI unit after setting off losses of the non-STPI unit was rejected. The ITAT held that the CIT erred in assuming jurisdiction under section 263 as there were conflicting legal precedents on whether losses of non-10A unit can be set off against the income of the 10A unit. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184692