https://www.taxtmi.com/caselaws?id=332591 The Tribunal held that the deduction under Section 10B of the Income Tax Act should be computed by adjusting losses from non-eligible units against profits of eligible units. This aligns with High Court decisions and Supreme Court rulings, establishing that Section 10B provides a deduction, not an exemption, and requires consideration of both profits and losses in computation. Consequently, the Revenue's appeal was allowed, adhering to legal provisions and judicial precedents. en-us Fri, 12 Aug 2016 00:00:00 +0530 Wed, 21 Sep 2016 15:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332591 The Tribunal held that the deduction under Section 10B of the Income Tax Act should be computed by adjusting losses from non-eligible units against profits of eligible units. This aligns with High Court decisions and Supreme Court rulings, establishing that Section 10B provides a deduction, not an exemption, and requires consideration of both profits and losses in computation. Consequently, the Revenue's appeal was allowed, adhering to legal provisions and judicial precedents. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332591