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2014 (6) TMI 775 - AT - Income TaxGrant of deduction u/s 10B of the Act Set off of carry forward loss and unabsorbed depreciation Held that:- Following CIT Vs. Himatsinghika Seide Ltd [2006 (8) TMI 125 - KARNATAKA High Court] - the context of provision of section 10A of the Act that the process ascertaining the total income where section 10A deduction is involved would comprise by computing profits and gains derived by the unit and in this process the unabsorbed deprecation which is not part of the deprecation of the impugned assessment year is not to be factored, then the deduction as computed will be available for carrying out set off of unabsorbed depreciation - Section 10A deduction is to be done u/s 28 to 44B but separately and independent of computation of profits and gains from eligible business and without factoring unabsorbed depredation revenue has no alternative but to upheld the findings of the CIT(A) Decided against Revenue.
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