https://www.taxtmi.com/caselaws?id=310044 The Telangana HC held that section 10A deduction must be computed at the level of the eligible undertaking before applying set-off of brought forward losses and unabsorbed depreciation, because the deduction operates independently at that stage of computation. It also affirmed that section 10A, as amended, is a deduction provision and not an exemption provision. The assessee therefore succeeded, and entitlement to section 10A relief was upheld on the basis that prior losses and depreciation do not reduce the deduction before the undertaking's profits are computed. en-us Wed, 08 Nov 2017 00:00:00 +0530 Wed, 04 Oct 2023 07:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310044 The Telangana HC held that section 10A deduction must be computed at the level of the eligible undertaking before applying set-off of brought forward losses and unabsorbed depreciation, because the deduction operates independently at that stage of computation. It also affirmed that section 10A, as amended, is a deduction provision and not an exemption provision. The assessee therefore succeeded, and entitlement to section 10A relief was upheld on the basis that prior losses and depreciation do not reduce the deduction before the undertaking's profits are computed. Case-Laws Income Tax Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310044