2010 (12) TMI 1238

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....ding Counsel For the Assessee : Dr. Anita Sumanth ORDER PER GEORGE MATHAN, JUDICIAL MEMBER : ITA No. 833/Mds/2008 is an appeal filed by the Revenue and ITA No. 352/Mds/2008 is an appeal filed by the assessee against the order of the learned CIT(Appeals)-V, Chennai in appeal No. ITA No. 485/06-07 dated 26-11-2007 for the assessment year 2004-05. 3. Dr. Anita Sumanth, Advocate represented o....

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....the setting off of the losses of the Delhi unit against the profits of the Chennai unit prior to the computation u/s. 10A as also against the action of the learned CIT(A) in directing the Assessing Officer to allow deduction u/s. 10A in respect of the profits derived by the undertaking from items of income like interest. It was the submission that these issues were also considered by the Special B....

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....decision of the Special Bench in the case of the assessee in ITA No. 352/Mds/2008 dated 5-2-2010, grounds 2.1 and 2.2 of the Revenue's appeal stand dismissed. 6. In regard to grounds 3.1, 3.2 & 3.3 which are against the action of the learned CIT(A) in directing the Assessing Officer to allow deduction u/s. 10A in respect of the profits derived by the undertaking on items of income like interest, ....