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2016 (5) TMI 573 - AT - Income TaxSetting off of losses against income from STPI unit while computing deduction under section 10A - Held that:- Assessee was claiming deduction under section 10A of the Act in respect of export of software in eight units at different places, out of which five units had declared positive profits and balance three units had declared losses for the captioned assessment years. The assessee had claimed deduction under section 10A of the Act unit-wise, whereas the Assessing Officer was of the view that the said deduction under section 10A of the Act is to be allowed to the assessee after setting off of losses of three units against the profits of five units and on the balance, the assessee was entitled to claim the said deduction. Assessee is entitled to claim the deduction under section 10A of the Act in respect of its STPI unit and the losses from non - STPI units are to be carried forward to the succeeding years. See M/s. KPIT Cummins Infosystems Ltd. Vs. DCIT [2015 (12) TMI 398 - ITAT PUNE] - Decided in favour of assessee.
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