https://www.taxtmi.com/caselaws?id=380404 The High Court affirmed the ITAT's decision regarding the set off of unabsorbed depreciation before computing deductions under Section 10-A of the Income Tax Act, 1961. The Court held that the deduction under Section 10-A should be calculated while determining the gross total income of the eligible undertaking under Chapter-IV, not during the computation of total income under Chapter-VI. As no substantial question of law arose, the Court dismissed the appeal, with no costs awarded. en-us Mon, 13 May 2019 00:00:00 +0530 Mon, 20 May 2019 07:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380404 The High Court affirmed the ITAT's decision regarding the set off of unabsorbed depreciation before computing deductions under Section 10-A of the Income Tax Act, 1961. The Court held that the deduction under Section 10-A should be calculated while determining the gross total income of the eligible undertaking under Chapter-IV, not during the computation of total income under Chapter-VI. As no substantial question of law arose, the Court dismissed the appeal, with no costs awarded. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380404