https://www.taxtmi.com/caselaws?id=384257 The High Court remanded the matter back to the Tribunal for reconsideration of the delay in filing the appeal, emphasizing the need for a satisfactory explanation. The Tribunal, considering the fresh affidavit and circumstances, condoned the delay and admitted the appeal for adjudication. Regarding the deduction claimed under section 10B, the Tribunal directed the Assessing Officer to allow the deduction for the Pune Unit without adjusting the loss of the Nashik Unit, following precedent decisions in favor of unit-wise deductions. The appeal was allowed on both grounds. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 09 Aug 2019 07:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384257 The High Court remanded the matter back to the Tribunal for reconsideration of the delay in filing the appeal, emphasizing the need for a satisfactory explanation. The Tribunal, considering the fresh affidavit and circumstances, condoned the delay and admitted the appeal for adjudication. Regarding the deduction claimed under section 10B, the Tribunal directed the Assessing Officer to allow the deduction for the Pune Unit without adjusting the loss of the Nashik Unit, following precedent decisions in favor of unit-wise deductions. The appeal was allowed on both grounds. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384257