Deduction u/s. 10A to be allowed before set off of brought forward unabsorbed losses against current year profits

IN THE ITAT MUMBAI BENCH ‘K’ Medusind Solutions India (P.) Ltd. Versus Assistant Commissioner of Income-tax IT Appeal No. 6703 (Mum.) of 2010 [Assessment year 2006-07] DECEMBER 5, 2012 ORDER Dinesh Kumar Agarwal, Judicial Member  This appeal preferred by the assessee is directed against the order dtd. 18-8-2010 for the A.Y. 2006-07 passed by the A.O. u/s 143(3) r.w.s. 144C of the Income Tax Act, 1961 (the Act) after considering the directions dtd. 25-6-2010 of the Dispute Resolution Panel (DRP). 2. Brief facts of the case are that the assessee company is engaged ...