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2016 (3) TMI 1268 - KARNATAKA HIGH COURTDeduction under Section 10A - whether Tribunal is right in law concluding that the deduction u/s 10A can be allowed before determining the gross total income and without setting off the business loss of DTA unit with the profit of EHTP unit resulting in carry forward of depreciation loss and without considering the Circular NO.7 of 2013 issued by CBDT wherein necessary clarifications have been issued with this regard and further holding that proceeding initiated under Section 263 is invalid even when same is done in accordance with parameters of the said provision? - Held that:- The issue is already covered by the decision of this court in the case of Yokogawa India Ltd. [2016 (12) TMI 881 - SUPREME COURT] it cannot be said that any substantial question of law would arise for our consideration as canvassed. However, in the event the Apex Court takes a different view, the revenue may take appropriate action in accordance with law.
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