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2021 (7) TMI 311 - HC - Income TaxDeduction u/s.10A - Tribunal directing the AO to recompute the income in the case of Sak Soft by excluding the freight and insurance expenses both from the export turnover and also from the total turnover while computing deduction under Section 10-A - HELD THAT:- As fairly submitted that the questions of law 1 and 2 were already decided against the Revenue by judgment reported in Commissioner of Income Tax v. HCL Technologies Ltd. [2018 (5) TMI 357 - SUPREME COURT] Allowing set off of benefit of brought forward losses from the total income after allowing deduction under Section 10A when as per the amended provisions of the Act in Section 10A(1) deduction has to be allowed only after arriving at the total income after giving effect to brought forward depreciation and losses - HELD THAT:- 3rd question of law was decided against the Revenue by the Division Bench of this Court in M/s.Allsec Technologies Ltd., Chennai [2020 (9) TMI 1192 - MADRAS HIGH COURT] - Decided in favour of the assessee.
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