5 Member Special Bench on set-off of s. 10A Unit’s Loss Disbanded

Vide Order dated 9.3.2012, Shri. G. E. Veerabhadrappa, the Hon’ble President of the Tribunal, has withdrawn the reference to the 5 Member Special Bench of the Tribunal in the case of Tandon information Soluations Pvt. Ltd, ITA No. 6591/M/07 for the A.Y.2003-04.

The Question which had been referred to the Special Bench was:

“Whether or not, on the facts and in the circumstances, deduction u/s 10A is to be allowed without setting off of brought forward losses of earlier year?”

The appeal is now posted before the Division Bench on 19.04.2012 to consider the assessee’s request for withdrawal of the appeal.