2020 (6) TMI 724

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....USTICE R.SURESH KUMAR For the Appellant : Mr.M.Vijayaraghavan for M/s.Subbaraya Aiyar Padmanabhan For the Respondent : Mr.M.Swaminathan, Senior Standing Counsel assisted by Ms.V.Pushpa Junior Standing Counsel JUDGMENT (Judgment of the Court was delivered by DR.VINEET KOTHARI, J) Both the learned counsel agree that the controversy in the present case is covered by the decision render....

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....has been held that, 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. 28. Here in the case in hand, the total income was first arrived at by the Revenue through the Assessing Offic....

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....hich is impugned herein, would not stand in the legal scrutiny, in view of the law having been declared by the Hon'ble Apex Court. Therefore, we are of the view that, the Substantial Question of Law raised in this Appeal is covered by the said decision, therefore it can be answered accordingly. 31. In the result, the Appeal is allowed and the Substantial Question of Law raised in this....