Unabsorbed depreciation not to be adjusted first in computation of deduction U/s. 10A

M/s Vision I knowledge Solutions Pvt. Ltd. Vs Pr. CIT (ITAT Delhi) Section 10A provide for deduction from the total income of the assessee. Department Circular No 794 dated 09.08.2000 deals with the amendments to Section 10A. For the sake of clarity, we are reproducing para no. 15.10 of the aforesaid Circular as under:- “The scheme of the substituted section retains parts of the earlier provisions. Where an assessee avails of benefit of section 10A (or section 10B), it will not be eligible for other tax concessions available under other provisions of the Act, during the period of ten yea...