https://www.taxtmi.com/caselaws?id=388795 Section 10A deduction for an eligible undertaking is computed on a standalone basis at the stage of arriving at the unit's profits, before applying set-off and carry forward provisions for brought forward business losses and depreciation. The reasoning is that the deduction attaches to the profits of the eligible unit itself and cannot be postponed until after inter-head or intra-head adjustments. The computation provisions for set-off of losses and unabsorbed depreciation do not override this independent deduction stage. On that basis, the deduction is allowed before reducing the eligible profits by earlier losses and depreciation. en-us Thu, 14 Nov 2019 00:00:00 +0530 Sat, 23 Nov 2019 09:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388795 Section 10A deduction for an eligible undertaking is computed on a standalone basis at the stage of arriving at the unit's profits, before applying set-off and carry forward provisions for brought forward business losses and depreciation. The reasoning is that the deduction attaches to the profits of the eligible unit itself and cannot be postponed until after inter-head or intra-head adjustments. The computation provisions for set-off of losses and unabsorbed depreciation do not override this independent deduction stage. On that basis, the deduction is allowed before reducing the eligible profits by earlier losses and depreciation. Case-Laws Income Tax Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388795