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2018 (10) TMI 427 - AT - Income TaxDeduction u/s 10A / 10AA against interest income - Held that:- We find that the issue stood squarely covered in assessee’s favor by the order of this Tribunal for earlier AYs [2016 (3) TMI 1285 - ITAT MUMBAI] and [2016 (2) TMI 1156 - ITAT MUMBAI]wherein allowed assessee’s claim of deduction under section 10A - Decided in favour of assessee Set-off of losses before computing deduction under Section 10A / 10AA - Held that:- Hon’ble Supreme Court in bunch of appeals titled as CIT Vs. Yokogawa India Limited [2016 (12) TMI 881 - SUPREME COURT] wherein the issue has been decided in favor of the assessee as held though Section 10A, as amended, is a provision for deduction, the stage of deduction would be while computing the gross total income of the eligible undertaking under Chapter IV of the Act and not at the stage of computation of the total income under Chapter VI. - Decided in favour of assessee Addition u/s 36(1)(va) r.w.s. 2(24)(x) - assessee delayed the deposit of employee’s contribution [ESIC] - Held that:- CIT(A) correctly deleted the same by observing that the said amounts were deposited before due date of filing of return of income and therefore, allowable to assessee in terms of judgment of Hon’ble Bombay High Court rendered in CIT Vs. Hindustan Organics Chemicals Limited [2014 (7) TMI 477 - BOMBAY HIGH COURT] and also in CIT Vs. Ghatge Patil Transporters Ltd. [2014 (10) TMI 402 - BOMBAY HIGH COURT]. - decided in favour of assessee.
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