Income from Section 10A units excluded before gross total income calculation; losses can't offset profits, but other set-offs allowed.

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....TPA - income of section 10A unit has to be excluded at source itself before arriving at the gross total income, hence, question of setting off of loss against such profits of 10A units will not arise. Assessee’s claim of set off of losses of the STPI Unit against other income has to be allowed - AT....