https://www.taxtmi.com/highlights?id=62377 Revision u/s 263 by CIT - whether the deduction u/s 10A is to be computed after or before setting off of the losses / depreciation? - this court is of the opinion that the view of the Karnataka High Court that the deduction under Chapter VI A has to be made only after or subsequent to the brought forward depreciation allowances, seems to have been taken depending on that particular case and hence, the same cannot be straight away applicable to all the cases. - HC en-us Thu, 10 Mar 2022 17:26:49 +0530 Thu, 10 Mar 2022 17:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62377 Revision u/s 263 by CIT - whether the deduction u/s 10A is to be computed after or before setting off of the losses / depreciation? - this court is of the opinion that the view of the Karnataka High Court that the deduction under Chapter VI A has to be made only after or subsequent to the brought forward depreciation allowances, seems to have been taken depending on that particular case and hence, the same cannot be straight away applicable to all the cases. - HC Highlights Income Tax Thu, 10 Mar 2022 17:26:49 +0530 https://www.taxtmi.com/highlights?id=62377