2020 (7) TMI 730

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.....Hemalatha, SSC For Respondent: Mr.R.Sivaraman JUDGMENT T.S.Sivagnanam, We have heard Mr.T.Ravikumar and Mrs.R.Hemalatha, learned Senior Standing Counsel appearing for the appellant - Revenue and Mr.R. Sivaraman, learned counsel appearing for the respondent. 2. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short, the Act) is directed against t....

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....duction under Section 10B is to be allowed while computing the gross total income of the eligible undertaking under Chapter -IV of the Income Tax Act? And 3. Whether the Tribunal ought to have applied the decision of the Apex Court in the case of Himatsingke Seide reported in 48 Taxmann.com page 357 SC which had held that the unabsorbed depreciation loss of Section 10B unit cannot be set ....