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Section 10B: Losses of Eligible Units cannot Be Set off against Income of other Units
Case Law Details
- Case Name
- ACIT Vs K.E.I. Industries Limited (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-2010
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs K.E.I. Industries Limited (ITAT Delhi)
Section 10B: Losses of Eligible Units cannot Be Set off against Income of other Units
The assessee is aggrieved before the Ld. CIT(A) for denial of carry forward loss in its 100% Export Oriented Unit [EOU] at Chopanki, Bhiwandi (Rajasthan). The A.O. relying upon the Order for the preceding assessment year i.e., 2008-2009 did not allow carry forward of business losses. The assessee in the written submissions has submitted that the assessee is a 100% EOU at Chopanki, Bhiwandi (Rajasthan) which is registered as EOU [Noida Special Economic Zone] a...
