High Court Clarifies Tax Deductions for Export Units: Losses Can Offset Income Across Business Sources u/s 10B.

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....100% EOU - Deduction u/s 10B - There is no provision in Section 10B by which a prohibition has been introduced by the Legislature in setting off of a loss which is sustained from one source falling under the head of profits and gains of business against income from any other source under the same head- HC....