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The Commissioner Of Income Tax-8 vs M/S. Gem Plus Jewellery India Ltd on 23 June, 2010

The aforesaid reasoning of the CIT(A), in our view, is not tenable 11 ITA No.1311/Mum/2015 (Assessment Year 2010-11) because the rationale laid down by the Hon'ble Bombay High Court in the case of Black And Veatch Consulting Pvt. Ltd.(supra), which we have reproduced above, makes no distinction with regard to the deduction allowable under section 10A of the Act as to whether the set-off of business loss pertains to the eligible or non-eligible unit.
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