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2015 (10) TMI 1618 - AT - Income TaxComputation of deduction u/section 10B - Held that:- The company has maintained and submitted separate set of audited accounts for the export unit, non export trading activity and consolidated accounts for the entire entity, whereas we find that the AO has not taken into account and has got confused between the total turnover of the business and total turnover of the undertaking. The CIT (A) also confirmed the same. We find that in the proviso to section 10B refers to computation of total income of "Undertaking". Further, the proviso states that the undertaking shall be entitled to deduction referred to the sub-section only for the unexplained part of the aforesaid ten consecutive assessment years. Hence we set aside the issue to the AO to compute deduction u/s 10B according to the proviso to section 10B after giving a reasonable opportunity to the assessee. - Decided in favour of assessee for statistical purposes.
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