Court Clarifies Deductions u/s 10B: Set Off Unabsorbed Depreciation Before Calculating Gross Total Income.

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....Deduction u/s 10B - setting off of the brought forward unabsorbed depreciation loss of the earlier years - the deductions either under Section 10A or 10B would be made while computing the gross total income of the eligible undertaking (like the Assessee) under Chapter IV of the Act and not at the stage of computation of the total income under Chapter VI of the Act. - HC....