Deduction u/s. 10A entitled before setting off carry forward losses and unabsorbed depreciation

ACPL Products Private Limited Vs ACIT (ITAT Agra) ITAT Agra held that the assessee is entitled to claim deduction u/s. 10A of the Income Tax Act before setting off carry forward losses and unabsorbed depreciation. Accordingly, appeal of the assessee succeeds on this ground. Facts- The assessee is engaged in the business of manufacturing and export of silver jewellery operating from a unit located in special Economic Zone at Plot No.94 & 99, Phase-II, Noida and therefore, claiming deduction as per the provision of section 10A of the Act. This appeal by the assessee is directed against the ...