Deduction U/s. 10B available before setting off of brought forward losses & unabsorbed depreciation

 IN THE ITAT CHENNAI BENCH ‘A’ Assistant Commissioner of Income-tax Versus Charon Tec (P.) Ltd. IT Appeal No. 1375 (Mds.) of 2008 [ASSESSMENT YEAR 2005-06] NOVEMBER  14, 2012 ORDER Vikas Awasthy, Judicial Member The appeal has been preferred by the Revenue impugning the order of the Commissioner of Income-tax (Appeals)-VIII, Chennai, dated March 20, 2008. 2. The brief facts of the case are that the assessee is engaged in the business of electronic printing and data processing. The assessee filed its return of income relevant to the assessment year 2005-06 on Octo...