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2013 (11) TMI 9 - AT - Income Tax100% EOU - Deduction u/s 10B of the Income Tax Act exemption period when EOU acts as a DTA unit - Held that:- 10 year period of deduction u/s 10B should commence from AY 1996-97 during which the assessee started its production/manufacture - extension of existing unit cannot be treated as a new unit. - following the decision in CCL PRODUCTS [2011 (12) TMI 413 - ITAT, Hyderabad] Decided against the Assessee. Disallowance of brought forward loss Held that:- Deduction u/s 10B should be allowed first from the income and thereafter from the remaining income set off of brought forward loss and unabsorbed depreciation should be allowed since the matter is pending before the High Court, matter remanded back to AO for decision in accordance with HC decision.
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