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2016 (2) TMI 305 - HC - Income TaxComputation of deduction u/s 10A - whether loss of another unit of the assessee company cannot be set off against the profit of the unit eligible for deduction u/s 10A as held by ITAT - Held that:- No fault can be found with the impugned order of the Tribunal, inasmuch as it follows the order of this Court in Black and Veatch Consulting Pvt. Ltd. (2012 (4) TMI 450 - BOMBAY HIGH COURT ) wherein held Section 10A is a provision which is in the nature of a deduction and not an exemption - the deduction under Section 10A has to be given effect to at the stage of computing the profits and gains of business - Section 80B(5) defines for the purposes of Chapter VI-A “gross total income” to mean the total income computed in accordance with the provisions of the Act, before making any deduction under the Chapter – Decided against revenue.
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