2017 (5) TMI 640 - SCH - Income Tax

Exemption / deduction u/s 10A - Held that - In view of the judgment passed in CIT v. Yokogawa India Limited 2016 (12) TMI 881 - SUPREME COURT and other connected matters, this appeal is dismissed. Though Section 10A, as amended, is a provision for deduction, the stage of deduction would be while computing the gross total income of the eligible undertaking under Chapter IV of the Act and not at the stage of computation of the total income under Chapter VI.

Summary

The Supreme Court of India in 2017 (5) TMI 640 - SC Order, with judges Ranjan Gogoi and Navin Sinha, disposed of a special leave petition by stating that it is covered by a previous decision in the case of CIT v. Yokogawa India Ltd. The delay was condoned, and the petition was resolved in the same terms as the previous case.