https://www.taxtmi.com/caselaws?id=398849 Section 10B, as substituted from 1 April 2001, allows deduction for eligible export profits but does not bar intra-head set-off under Section 70. The restrictive language in Section 10B(6)(ii) applies to carry forward and set-off under Sections 72 and 74, not to aggregation of income and loss from different units under the same head. Where the assessee did not claim Section 10B deduction in the return and did not furnish Form 56G, the deduction could not be imposed compulsorily. Accordingly, losses of the export oriented unit were permissible for set-off against income of the domestic tariff area unit under Section 70. en-us Mon, 07 Sep 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398849 Section 10B, as substituted from 1 April 2001, allows deduction for eligible export profits but does not bar intra-head set-off under Section 70. The restrictive language in Section 10B(6)(ii) applies to carry forward and set-off under Sections 72 and 74, not to aggregation of income and loss from different units under the same head. Where the assessee did not claim Section 10B deduction in the return and did not furnish Form 56G, the deduction could not be imposed compulsorily. Accordingly, losses of the export oriented unit were permissible for set-off against income of the domestic tariff area unit under Section 70. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398849