Home › Tax Laws › CIT v. Russan Pharma Ltd ( 2019) 107 taxmann.com 111 (Bom.)(HC) Editorial: SLP of revenue is dismissed (SLP No.12984 of 2019 (2019) 414 ITR 6(St.)(SC)/ (2019) 265 Taxman 1 (SC)

CIT v. Russan Pharma Ltd ( 2019) 107 taxmann.com 111 (Bom.)(HC) Editorial: SLP of revenue is dismissed (SLP No.12984 of 2019 (2019) 414 ITR 6(St.)(SC)/ (2019) 265 Taxman 1 (SC)

10A : Free trade zone – Computation of deduction – loss of another unit – cannot – Set off against profit of unit eligible for deduction- Deduction in respect of eligible unit has to be allowed before setting off brought forward depreciation and losses of a non-10A unit .[ S.72 ]

Export oriented undertaking, while computing deduction u/s.10A, loss of another unit of Assessee Company could not be set off against profit of unit eligible for deduction.   Followed , CIT v. Black & Veatch Consulting (P.) Ltd ( 2012) 348 ITR 72 (Bom) (HC )

  (AY. 2005 -06) (Arising ITA 6139/M/2010 dt.18/06/2013)(ITXA No.2354 of 2013 dt.19/01/2016)