TMI Blog2016 (2) TMI 305X X X X Extracts X X X X X X X X Extracts X X X X ..... rder of this Court in Black and Veatch Consulting Pvt. Ltd. (2012 (4) TMI 450 - BOMBAY HIGH COURT ) wherein held Section 10A is a provision which is in the nature of a deduction and not an exemption - the deduction 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e case and in law, the Tribunal was correct in upholding 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. We find that the impugned order of the Tribunal has dismissed the appeal before it on the qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inter alia observed in our order dated 6th January, 2016 as under : 3. We would have normally dismissed the Revenue's appeal and the matter would have ended. However, we are constrained to go into this as if this appeal has been filed casually as it appears at this stage then the officers concerned in filing such appeals must be held responsible. This would alone ensure the Administratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... atch Consulting Pvt. Ltd. (Supra) and the result of the above appeal, if any. The appeal is sought to be justified on the basis of a Circular dated 16th July, 2013 by the Central Board of Direct Tax. We are unable to understand how in the face of the decision of this Court which is binding upon all the Officers within the State of Maharashtra coupled with the absence of any evidence of filing of a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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