https://www.taxtmi.com/caselaws?id=368461 The case involved issues regarding the deduction under Section 10A of the Income-tax Act, 1961 for AY 2011-12 and 2012-13, eligibility of interest income for deduction under Sections 10A and 10AA, treatment of interest income from the EEFC account, set-off of losses against profits of SEZ units, and overall computation of profits for SEZ units. The ITAT Mumbai upheld the CIT(A)'s decisions, allowing deductions and dismissing the revenue's appeals based on consistent tribunal and High Court judgments. The Tribunal emphasized the correct stage for computing deductions under Section 10A and affirmed the importance of legal precedents in tax assessments. en-us Wed, 03 Oct 2018 00:00:00 +0530 Wed, 27 Jul 2022 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368461 The case involved issues regarding the deduction under Section 10A of the Income-tax Act, 1961 for AY 2011-12 and 2012-13, eligibility of interest income for deduction under Sections 10A and 10AA, treatment of interest income from the EEFC account, set-off of losses against profits of SEZ units, and overall computation of profits for SEZ units. The ITAT Mumbai upheld the CIT(A)'s decisions, allowing deductions and dismissing the revenue's appeals based on consistent tribunal and High Court judgments. The Tribunal emphasized the correct stage for computing deductions under Section 10A and affirmed the importance of legal precedents in tax assessments. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368461