https://www.taxtmi.com/caselaws?id=187323 The Tribunal found that the initiation of proceedings under section 263 of the Income-tax Act was not justified. It held that the assessment order was not erroneous or prejudicial to the revenue's interests and that the deduction under section 10A should be computed without setting off losses of non-10A units. Consequently, the appeal was allowed, annulling the CIT's order and directing the allowance of the deduction under section 10A without setting off losses of non-10A units. en-us Fri, 13 Feb 2009 00:00:00 +0530 Tue, 18 Oct 2016 12:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187323 The Tribunal found that the initiation of proceedings under section 263 of the Income-tax Act was not justified. It held that the assessment order was not erroneous or prejudicial to the revenue's interests and that the deduction under section 10A should be computed without setting off losses of non-10A units. Consequently, the appeal was allowed, annulling the CIT's order and directing the allowance of the deduction under section 10A without setting off losses of non-10A units. Case-Laws Income Tax Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187323