B/F business loss &unabsorbed depreciation should not be adjusted before computing deduction u/s. 10A

HIGH COURT OF KARNATAKA CIT v/s. Tyco Electronics Corpn. India (P.) Ltd. IT Appeal No. 383 of 2009 February 21, 2012. JUDGMENT N. Kumar, J. – The revenue has preferred this appeal challenging the order passed by the Tribunal granting relief to the assessee. 2. On 14.12.2010 this appeal was admitted to consider the following substantial questions of law: 1.  Whether the Tribunal was correct in holding that though the assessee has brought export proceeds into the country after expiry of time stipulated under section 10A(3) of the Act, in view of the subsequent ratifica...