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2013 (1) TMI 802 - AT - Income TaxWhether deduction under section 10A or brought forward losses and unabsorbed depreciation shall first be allowed from business income - Held that:- Section 10A is a provision which is in the nature of a deduction and not an exemption - The deduction under section 10A has to be given effect to at the stage of computing the profits and gains of business - Hence it is clear that exemption under section 10A, is to be allowed without setting off carry forward unabsorbed losses and the depreciation from the earlier AY or current AY Decided in favor of assessee
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