Relief u/s. 10A has to be given before adjustment of current as well as past losses

HIGH COURT OF DELHI Commissioner of Income-tax v/s. TEI Technologies (P.) Ltd. IT APPEAL NOS. 2067 of 2010 and 347 of 2011 AUGUST 27, 2012 JUDGMENT R.V. Easwar, J.  These are two appeals filed by the Commissioner of Income Tax under Section 260A of the Income Tax Act, 1961, which is herein after referred to as ‘Act’. The appeals are directed against the orders passed by the Income Tax Appellate Tribunal (hereinafter referred to as ‘Tribunal’). The appeals relate to the assessment years 2002-2003 and 2003-2004. The Tribunal has passed separate orders fo...