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2015 (1) TMI 146 - ITAT CHENNAIDeduction u/s 10A - Disallowance u/s 40(a)(ia) - CIT (A) held that disallowance would only enhance profits otherwise entitled for section 10A deduction - Held that:- Revenue does not point out any distinction on facts in the present case vis-a-vis clause involved before the hon'ble high court (2010 (6) TMI 65 - BOMBAY HIGH COURT). It only pleads that its special leave petition is pending before the hon'ble Supreme Court of India. In our view, this contention only does not form a valid ground to adopt a different approach in the instant case. The hon'ble high court has settled the law that in case of a section 10A undertaking, a disallowance only gives rise to enhanced profits/ income otherwise entitled for deduction. The CIT(A)'s order is upheld. - Decided against Revenue.
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