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The Tax PublishersITA Nos. 452 to 454/Bang/2019
2019 TaxPub(DT) 5442 (Bang-Trib) : (2019) 075 ITR (Trib) 0656INCOME TAX ACT, 1961
Section 10A
Losses of non-STPI Unit could not be set-off against profits of STPI Units for computation of deduction under section 10A.
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Deduction under section 10A - Computation - AO set-off losses of non-STPI units against profits of STPI units -
Assessee having both STPI and non-STPI units claimed deduction under section 10A. AO re-computed amount deductible after setting off losses of non-STPI units against profits of STPI units.Held: Losses of non-STPI Unit could not be set-off against profits of STPI Units for computation of deduction under section 10A.
Followed:CIT v. Yokogawa India Ltd. vide Civil Appeal No. 8498 of 2013, dated 16-12-2016] : 2016 TaxPub(DT0 52139 (SC).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2008-09
INCOME TAX ACT, 1961
Section 10A
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