https://www.taxtmi.com/caselaws?id=296163 The High Court of Madras dismissed the tax case appeal, aligning with previous decisions favoring the assessee regarding deduction under Section 10A of the Income Tax Act, 1961 without reducing brought forward losses against gains of the business in the current year. The appeal was admitted based on a substantial question of law but was settled against the Revenue, following precedents set by earlier judgments. No costs were awarded in this matter. en-us Wed, 02 Sep 2020 00:00:00 +0530 Wed, 07 Jul 2021 09:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296163 The High Court of Madras dismissed the tax case appeal, aligning with previous decisions favoring the assessee regarding deduction under Section 10A of the Income Tax Act, 1961 without reducing brought forward losses against gains of the business in the current year. The appeal was admitted based on a substantial question of law but was settled against the Revenue, following precedents set by earlier judgments. No costs were awarded in this matter. Case-Laws Income Tax Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296163