https://www.taxtmi.com/caselaws?id=399825 The Court upheld the Tribunal's decision to allow deduction u/s 10B to the assessee, following the Supreme Court's precedent that deductions should be made while computing the gross total income of the eligible undertaking under Chapter IV of the Income Tax Act. The Court emphasized adherence to previous legal decisions, dismissing the Revenue's appeal and answering substantial questions of law against the Revenue. The judgment reiterated that deductions under Section 10B must align with the legal position established by the Supreme Court, closing the case without costs. en-us Thu, 08 Oct 2020 00:00:00 +0530 Tue, 20 Oct 2020 13:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399825 The Court upheld the Tribunal's decision to allow deduction u/s 10B to the assessee, following the Supreme Court's precedent that deductions should be made while computing the gross total income of the eligible undertaking under Chapter IV of the Income Tax Act. The Court emphasized adherence to previous legal decisions, dismissing the Revenue's appeal and answering substantial questions of law against the Revenue. The judgment reiterated that deductions under Section 10B must align with the legal position established by the Supreme Court, closing the case without costs. Case-Laws Income Tax Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399825