Allowing the appeal of the assessee the Tribunal held that , Deduction allowed u/s 10A allowed before adjustment unabsorbed depreciation or losses is held to be valid.Revision was held to be not valid . (AY.2011-12)
Vision Iknowledge Solutions Pvt Ltd v PCIT ( 2018) 64 ITR 85 ( Delhi) (Trib)
S. 263 : Commissioner – Revision of orders prejudicial to revenue -Deduction allowed u/s 10A allowed before adjustment unabsorbed depreciation or losses is held to be valid- Revision was held to be not valid . [ S.10A ]