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2013 (11) TMI 9 - ITAT HYDERABAD100% EOU - Deduction u/s 10B of the Income Tax Act – exemption period when EOU acts as a DTA unit - Held that:- 10 year period of deduction u/s 10B should commence from AY 1996-97 during which the assessee started its production/manufacture - extension of existing unit cannot be treated as a new unit. - following the decision in CCL PRODUCTS [2011 (12) TMI 413 - ITAT, Hyderabad] – Decided against the Assessee. Disallowance of brought forward loss – Held that:- Deduction u/s 10B should be allowed first from the income and thereafter from the remaining income set off of brought forward loss and unabsorbed depreciation should be allowed – since the matter is pending before the High Court, matter remanded back to AO for decision in accordance with HC decision.
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