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2020 (7) TMI 730 - HC - Income TaxDeduction u/s 10B - set off of brought forward unabsorbed depreciation - deduction u/s 10B is to be allowed without considering the depreciation loss, when it was held in the case of Yokogawa India Ltd [2016 (12) TMI 881 - SUPREME COURT] that the deduction u/s 10B is to be allowed while computing the gross total income of the eligible undertaking under Chapter -IV of the Income Tax Act? - unabsorbed depreciation loss of Section 10B unit cannot be set off against other incomes - HELD THAT:- Issue involved in this appeal is covered by the decision in the assessee's own case in [2020 (3) TMI 814 - MADRAS HIGH COURT] by which, the assessee's appeal was allowed and the substantial questions of law were answered in favour of the assessee.
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