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2017 (12) TMI 869 - AT - Income TaxDeduction u/s 10A - Held that:- When the assessee company is undisputedly eligible for deduction u/s 10A of the Act, it is entitled for consequential deduction u/s 10A also. So, the foreign exchange gain to the taxable income of the assessee company cannot be added which amounts to double taxation and as such, the ld. CIT (A0 has rightly deleted the same. When the AO has accepted the suo motu disallowance made by the assessee company in the revised computation of income, the suo motu claim made by the assessee company on account of bonus cannot be disallowed. AO has selectively accepted the revised computation of income to the extent of the benefit to the revenue while completing the assessment. - Decided against revenue
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