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2015 (12) TMI 909 - HC - Income TaxBrought forward unabsorbed loss/ depreciation of the assessee's 10B unit - set off against the current year's profit of the same 10B unit allowed or not ? - Held that:- The issue as raised stands concluded by the decision of this Court in Black & Veatch Consulting(P) Ltd.(2012 (4) TMI 450 - BOMBAY HIGH COURT ) and "Ganesh Polychem Ltd. Vs. ITO" [2012 (8) TMI 953 - ITAT MUMBAI ] against the Revenue. Tribunal was right in holding that the brought forward unabsorbed depreciation and losses of the unit, the income of which is not eligible for deduction u/s.10B of the Act cannot be set off against the current profit of the eligible unit for computing the deduction u/s.10B of the Act - Decided in favour of assesee
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