Taxpayer Wins Deduction u/s 10B: Calculate Before Depreciation Carry Forward, Boosting Business Profit Claims.

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....Deduction u/s 10B - computation - CIT(A) has rightly held that the assessee is eligible for deduction under section 10B of the Act prior to giving effect to the brought forward depreciation of earlier years and thus, the assessee is eligible to claim deduction under section 10B on profits of business.....