https://www.taxtmi.com/caselaws?id=360536 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, ruling that deduction under section 10B should be granted without setting off carry forward losses, following legal interpretations from the Supreme Court. The Court emphasized that the stage for working out deductions under section 10B is separate from the total income computation stage, affirming the Tribunal's decision and dismissing the Revenue's appeal. en-us Wed, 18 Apr 2018 00:00:00 +0530 Fri, 18 May 2018 10:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360536 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, ruling that deduction under section 10B should be granted without setting off carry forward losses, following legal interpretations from the Supreme Court. The Court emphasized that the stage for working out deductions under section 10B is separate from the total income computation stage, affirming the Tribunal's decision and dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360536