https://www.taxtmi.com/caselaws?id=337859 Deduction under section 10A had to be examined under the amended legal regime applicable to the assessment year, and the jurisdictional HC's binding view governed the issue. The Tribunal held that an earlier Karnataka decision, rendered under a different legal framework, did not control the result. On that basis, section 10A relief could not be denied merely because brought forward business losses and unabsorbed depreciation had not been set off first, and the Revenue's appeal failed while the relief granted to the assessee was sustained. en-us Fri, 18 Nov 2016 00:00:00 +0530 Thu, 19 Jan 2017 08:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337859 Deduction under section 10A had to be examined under the amended legal regime applicable to the assessment year, and the jurisdictional HC's binding view governed the issue. The Tribunal held that an earlier Karnataka decision, rendered under a different legal framework, did not control the result. On that basis, section 10A relief could not be denied merely because brought forward business losses and unabsorbed depreciation had not been set off first, and the Revenue's appeal failed while the relief granted to the assessee was sustained. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337859