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2015 (6) TMI 100 - HC - Income TaxSet off of losses of the amorphous division against the profit of the other Units - Held that:- The Court after analyzing all the decisions was of the opinion that previous ruling in Tei Technologies (2012 (9) TMI 47 - DELHI HIGH COURT) that set off is impermissible was justified. In these circumstances, the reliance placed by the assessee, upon the aforesaid circular is unpersuasive. Decided in favour of the Revenue. Set off of the loss claimed by the Bangalore Unit from the profit of the Mumbai Unit - the loss making unit claimed benefit under Section 10A whereas the Mumbai Unit was not an eligible unit - Decided in favour of the Revenue as relying on CIT vs. Kei Industries Ltd [2015 (3) TMI 618 - DELHI HIGH COURT]
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