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The Commissioner of Income Tax9 Versus M/s. Russan Pharma Ltd.

2016 (2) TMI 305 - BOMBAY HIGH COURT

Computation of deduction u/s 10A - whether loss of another unit of the assessee company cannot be set off against the profit of the unit eligible for deduction u/s 10A as held by ITAT - Held that:- No fault can be found with the impugned order of the .....

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ion under Section 10A has to be given effect to at the stage of computing the profits and gains of business - Section 80B(5) defines for the purposes of Chapter VI-A “gross total income” to mean the total income computed in accordance with the provis .....

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Mr. Prashant Pandit i/b P.C. Tripathi ORDER P.C. 1. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act) challenge the order dated 18th June, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal) for the Assessment Year 200 .....

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ng the order of the CIT(A) holding that while computing deduction u/s 10A of the IT Act, the loss of another unit of the assessee company cannot be set off against the profit of the unit eligible for deduction u/s 10A of the Income Tax Act 1961? 3. W .....

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48 ITR 72. By order dated 6th January, 2016 we had recorded the fact that Mr. Tejveer Singh, learned Counsel for the Revenue fairly states that the issue arising in this appeal is concluded against the Revenue by the decision of this Court in Black a .....

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not the Revenue has filed any appeal from the order of this Court in Black and Veatch Consulting Pvt. Ltd. (Supra) to the Apex Court. We had inter alia observed in our order dated 6th January, 2016 as under : 3. We would have normally dismissed the .....

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would alone ensure the Administration being sensitive to the woes of an assessee and appeals are not filed only to harass an assessee. 4. In the above view, the appeal is adjourned to 13th January, 2016 to enable Mr. Tejveer Singh to take instruction .....

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d, Mr. Tejveer Singh filed an affidavit dated 18th January, 2016 of Mr. Rajkumar, Dy. Commissioner of Income Tax 9(3), Mumbai wherein no mention is made about the specific query put in our order dated 6th January, 2016 as to whether any appeal has be .....

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