https://www.taxtmi.com/caselaws?id=405649 The High Court dismissed the Revenue's appeal challenging the order regarding the assessment year 2005-06. The Court upheld the assessee's entitlement to deductions under Section 10A, ruling in favor of the assessee on all issues raised, including the treatment of internet expenses in foreign exchange, eligibility for deduction for a new unit formed using old unit assets, and the timing of allowing deductions before adjusting brought forward losses and unabsorbed depreciation. The Court's decision was supported by relevant case laws and established legal principles. en-us Tue, 02 Mar 2021 00:00:00 +0530 Fri, 02 Jul 2021 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405649 The High Court dismissed the Revenue's appeal challenging the order regarding the assessment year 2005-06. The Court upheld the assessee's entitlement to deductions under Section 10A, ruling in favor of the assessee on all issues raised, including the treatment of internet expenses in foreign exchange, eligibility for deduction for a new unit formed using old unit assets, and the timing of allowing deductions before adjusting brought forward losses and unabsorbed depreciation. The Court's decision was supported by relevant case laws and established legal principles. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405649