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2019 (2) TMI 52 - AT - Income TaxDeduction u/s 10A before setting off of brought forward losses of eligible unit - Held that:- It is not in dispute that the brought forward losses set off by the assessee are of eligible unit. It is no more res integra that the assessee can claim deduction u/s 10A of the Act before claiming setting off of brought forward losses. As in the case of Black & Veath Consulting Pvt. Ltd., (2012 (4) TMI 450 - BOMBAY HIGH COURT) and in the case of CIT Vs. Yokogawa India Ltd. [2011 (8) TMI 845 - KARNATAKA HIGH COURT] has held that the deduction u/s 10A of the Act can be claimed before setting off of brought forward losses of non-eligible units. The Hon’ble Apex Court in the case of CIT & another Vs. Yokogawa India Ltd. (2016 (12) TMI 881 - SUPREME COURT) has upheld the decision of Hon’ble Karnataka High Court. We find no infirmity in the order of CIT(A) in allowing the benefit of deduction u/s 10A of the Act to the assessee. The impugned order is upheld and the appeal of Revenue is dismissed being devoid of any merit. - Decided against revenue
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