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 G. E. Veerabhadrappa, the Hon’ble President of the Tribunal, has withdrawn the reference to the 5 Member Special Bench of the Tribunal in the case of Tandon information Soluations Pvt.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:

ā€œWhether 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?ā€

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

Leave a Reply

Your email address will not be published. Required fields are marked *