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2017 (1) TMI 939 - ITAT MUMBAIDeduction u/s 10A before computing the brought forward business losses and unabsorbed depreciation - Held that:- Grounds of appeal raised in the present appeal are covered in his favour by the decision of jurisdictional High Court in CIT vs. Techno Tarp and Polymers Pvt. Ltd. [2015 (12) TMI 909 - BOMBAY HIGH COURT] the issue as raised stands concluded against the Revenue as Tribunal was right in holding that the brought forward unabsorbed depreciation and losses of the unit, the income of which is not eligible for deduction u/s.10B of the Act cannot be set off against the current profit of the eligible unit for computing the deduction u/s.10B of the Act - Decided in favour of assesee
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