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2010 (12) TMI 768 - AT - Income TaxDeduction u/s 10B - Revision u/s 263 - this issue is squarely covered in favour of the assessee by the order of the Tribunal in assessee's own case concerning asst. year 2005-06 - it was concluded by the Hon'ble Special Bench of the Tribunal in Scientific Atlanta Technology Pvt. Ltd (2010 -TMI - 203909 - ITAT, CHENNAI) that nowhere it is mentioned in section 10A that such deduction is to be restricted to the total income of the assessee computed under the provisions of the Act - Held that: the view that the Assessing Officer is not justified in denying the deduction u/s 10A (determined at Rs.4,78,57,158) for the reason that the assessee company did not have any profits left for allowing the deduction computed u/s 10A - Decided in the favour of assessee
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