Whether Losses sustained by 100% EOU can be set off against other business income of assessee?

PCIT Vs Sandvik Asia Pvt. Ltd (Bombay High Court)

The other issue arises for consideration is whether the losses sustained by hundred per cent EOU could be set off against the other business income of the assessee. This issue, however, is no longer res integra. In Hindustan Lever Ltd. V/s. Dy. CIT

This Court observed thus:

“Plainly, Section 10B as it stands is not a provision i

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