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2017 (4) TMI 1357 - ITAT DELHIExemption u/s 10B - reducing unabsorbed depreciation of Section10B exempted units from the profits of Section 10B exempted unit - set off losses of Section 10B units with non exempted income of such units - Held that:- The issues contested in the present appeal are squarely covered by the Hon’ble Apex Court decision in case of Yokogawa India Ltd. [2016 (12) TMI 881 - SUPREME COURT] as Section 10A as well as Section 10B are provisions relating to deduction. CIT(A) rightly held that the unabsorbed depreciation of one eligible unit cannot be adjusted with the profit of the other eligible unit, while calculating the deduction available to the other eligible unit under Section 10B of the Act. CIT(A) has also rightly rejected the contention of the assessee that such unabsorbed depreciation should be set off against the income of the assessee under the head “Income from other sources”. Such unabsorbed depreciation of Section 10B eligible unit can only be carried forward and set off only after the tax holiday period is over.
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