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2017 (12) TMI 1125 - HC - Income TaxDeductions u/s 10A - whether made only at the stage of computation of gross total income under Chapter VI of the Act and not at the stage of computation of the total income under Chapter IV of the Act before setting off the loss, particularly in view of the circular of CBDT dated 16/07/2013 - Revision u/s 263 - Held that:- We find it appropriate to hold that the Income Tax Appellate Tribunal was justified in setting aside the order of the Commissioner of Income Tax passed under Section 263 of the Act, observing that the deduction under Section 10A of the Act has to be made at the stage of the Chapter IV of the Act. Accordingly, we answer the substantial question of law in favour of the assessee and against the revenue.
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