Dismissing the appeal of the revenue the Court held that Tribunal allowed claim of assessee towards set off of losses of STP/SEZ unit against other income of assessee, no interference was to be called for. Followed, CIT v. Yokogawa India Ltd. (2017) 391 ITR 274 (SC). (AY. 2008-09)
PCIT v. Wipro Ltd. (2021) 278 Taxman 162 (Karn.)(HC)
S. 10A : Free trade zone-Set off of losses-Other income-Order of Tribunal is affirmed.