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2014 (10) TMI 873 - AT - Income TaxComputation of deduction under section 10B - as held by CIT(A) unabsorbed depreciation must not be set off against the income of undertaking before giving deduction under section 10B - Held that:- The issue in appeal has been decided by the co-ordinate Bench of this Tribunal in the case of S.R.A.Systems Ltd [2014 (3) TMI 357 - ITAT CHENNAI] following the decision of the Hon’ble Supreme Court in the case of M/s. Himatsingka Seide Ltd. (2013 (10) TMI 823 - SUPREME COURT ) as held that the brought forward depreciation has to be adjusted against the profits of the EOU before computing the exemption allowable u/s.10B. The provisions of section 10A are pari materia with the provisions of section 10B of the Act. - Decided in favour of revenue
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