https://www.taxtmi.com/caselaws?id=395790 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the assessee's deduction under section 10B of the Income Tax Act before adjusting brought forward depreciation loss. The Tribunal affirmed that profits should be computed independently of unabsorbed business losses or depreciation, aligning with the Supreme Court's interpretation in similar cases. en-us Wed, 19 Feb 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395790 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the assessee's deduction under section 10B of the Income Tax Act before adjusting brought forward depreciation loss. The Tribunal affirmed that profits should be computed independently of unabsorbed business losses or depreciation, aligning with the Supreme Court's interpretation in similar cases. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395790