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2016 (4) TMI 470 - AT - Income TaxSet off of brought forward losses/unabsorbed depreciation against 10A profits disallowed - Held that:- Following the latest judgment of the Hon’ble High Court in case of M/s Yokogawa India Ltd (2011 (8) TMI 845 - Karnataka High Court ) as well as Co-ordinate Bench decision in case of M/s Safran Aerospace India Pvt. Ltd.,(2015 (1) TMI 773 - ITAT BANGALORE ) we decide this issue in favour of assessee and direct the AO to allow the claim of deduction u/s 10A of the IT Act,, without setting off of brought forward losses/unabsorbed depreciation.
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