2017 (5) TMI 641 - 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 dismissed the appeal based on the judgment in Civil Appeal No. 8498 of 2013, titled CIT v. Yokogawa India Limited [2017] 391 ITR 274 (SC) and other connected matters.