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2013 (8) TMI 1007 - ANDHRA PRADESH HIGH COURTComputation of deduction under Section 10B - whether deduction allowed before adjusting brought forward losses and unabsorbed depreciation? - Held that:- the provision of Section 10B, amongst others, is not treated to be any head of income and it cannot be brought within the purview of computing income for the purpose of taxation. We, therefore, hold accordingly that the Department has to exclude this portion of the income first at the threshold and thereafter proceed to compute the income for the purpose of taxation and then usual deductions under the other provisions of law have to be given.
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