Affirming the order of the Tribunal the Court held that loss of another unit of assessee company could not be set off against profit of unit eligible for deduction. Followed CIT v.Black & Veath Consulting (P) Ltd. (2012) 348 ITR 72 (Bom.) (HC) (AY. 2005-06)
CIT v. Russan Pharma Ltd. (2019) 197 taxmann.com 111 / 265 Taxman 2 (Bom.)(HC) Editorial : SLP of revenue is dismissed, CIT v. Russan Pharma Ltd. (2019) 265 Taxman 1 (SC)
S. 10A : Free trade zone-Loss of another unit cannot be set off against the profit of unit eligible for deduction.