2016 (6) TMI 1392 - HC - Income Tax

Set off losses (depreciation/business) pertaining to non-10A unit against profit of 10A unit - HELD THAT - Question of law is covered by the judgment of this Court in the case of Commissioner of Income-Tax Another vs. Yokogawa India Ltd. Ors. 2011 (8) TMI 845 - KARNATAKA HIGH COURT When the question is already covered by the decision of this Court we do not find any substantial question of law would arise for consideration. Hence the present appeal is dismissed.

Summary

The Karnataka High Court dismissed the appeal by the Revenue, as the issue of allowing set off losses against profit of a unit was already covered by a previous judgment. The appeal was dismissed as no substantial question of law arose for consideration.