https://www.taxtmi.com/caselaws?id=783246 ITAT held that deduction under s.10A must be allowed at the stage of computing the profits of the eligible undertaking under Chapter IV, prior to setting off brought forward business losses and unabsorbed depreciation. Relying on binding SC precedent, the Tribunal treated s.10A as a deduction provision whose operation precedes intra-head and inter-head set-off under Chapter VI. The assessee's method of first claiming s.10A deduction and thereafter adjusting carried-forward losses was upheld. Consequently, the Revenue's appeal was dismissed in entirety. en-us Fri, 28 Nov 2025 00:00:00 +0530 Fri, 12 Dec 2025 08:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783246 ITAT held that deduction under s.10A must be allowed at the stage of computing the profits of the eligible undertaking under Chapter IV, prior to setting off brought forward business losses and unabsorbed depreciation. Relying on binding SC precedent, the Tribunal treated s.10A as a deduction provision whose operation precedes intra-head and inter-head set-off under Chapter VI. The assessee's method of first claiming s.10A deduction and thereafter adjusting carried-forward losses was upheld. Consequently, the Revenue's appeal was dismissed in entirety. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783246