https://www.taxtmi.com/caselaws?id=290448 The tribunal dismissed the Revenue's appeal challenging the computation of exemption claimed under section 10B. The tribunal upheld the decision of the Ld. CIT(A) to calculate the exemption before setting off unabsorbed depreciation losses, citing precedent and the Supreme Court's judgment in a similar case. The appeal was denied, affirming that the profits eligible for deduction under section 10B should be computed without considering the set off of unabsorbed depreciation losses of earlier years. en-us Thu, 25 Oct 2018 00:00:00 +0530 Sat, 26 Sep 2020 12:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290448 The tribunal dismissed the Revenue's appeal challenging the computation of exemption claimed under section 10B. The tribunal upheld the decision of the Ld. CIT(A) to calculate the exemption before setting off unabsorbed depreciation losses, citing precedent and the Supreme Court's judgment in a similar case. The appeal was denied, affirming that the profits eligible for deduction under section 10B should be computed without considering the set off of unabsorbed depreciation losses of earlier years. Case-Laws Income Tax Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290448