Section 10A Deduction Allowed Before Chapter VI Computation as Benefit Is Undertaking-Specific

Advertisement CIT & Anr. Vs Yokogawa India Ltd. (Supreme Court of India) The Supreme Court considered the interpretation and effect of Section 10A of the Income-tax Act, 1961, while clarifying that its conclusions would equally apply to Section 10B, as both provisions are pari materia. The principal questions before the Court included whether Section 10A operates outside the computation mechanism of total income, whether the expression “total income” in Section 10A is the same as under Section 2(45), whether Section 10A continued to be an exemption provision after the amendments eff...