https://www.taxtmi.com/highlights?id=34918 Section 10B being an exemption provision, income of the 10B unit has to be excluded at the source itself before arriving at the gross total income and since this income is not at all to be in the income of the assessee, there is no occasion to set off of brought forward loss of the assessee in respect of its other business against the profits of the exempted units. - AT en-us Mon, 22 May 2017 07:59:32 +0530 Mon, 22 May 2017 07:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34918 Section 10B being an exemption provision, income of the 10B unit has to be excluded at the source itself before arriving at the gross total income and since this income is not at all to be in the income of the assessee, there is no occasion to set off of brought forward loss of the assessee in respect of its other business against the profits of the exempted units. - AT Highlights Income Tax Mon, 22 May 2017 07:59:32 +0530 https://www.taxtmi.com/highlights?id=34918