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2010 (10) TMI 388 - AT - Income TaxRevision - Business Expenditure - loss was determined at Rs. NIL and under section 115JB book loss was determined - this was considered by the CIT as erroneous and prejudicial to the interests of the Revenue - assessee was eligible for deduction under section 10B - Once when deduction under section 10B has to be allowed, the total income of the undertaking will enter the computation and then only deduction will be given to the assessee - Assessing Officer is directed to consider the set off of unabsorbed business losses and depreciation after availing deduction under section 10B - Section 10B(6) is applicable only for the last year of deduction and not for the earlier years of deduction - claim of the assessee allowed
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