2018 (5) TMI 150

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..... f Income Tax V/s BTP Infoserve Private Limited [2017 (12) TMI 1125 - KARNATAKA HIGH COURT] whereby placing reliance on the judgment of Commissioner of Income Tax and others V/s Yokogowa India Limited [2016 (12) TMI 881 - SUPREME COURT] has held that the stage of deduction under Section 10A of the Act would be while computing the gross total income of the eligible undertaking under Chapter IV of th .....

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..... y the Assessing Officer for the assessment year 2010- 11 under Section 143(3) of the Income Tax Act, 1961 ( the Act for short) accepting the returned income as Nil after allowing deduction under Section 10AA of the Act and set-off of unabsorbed business loss. The revisional authority exercising power under Section 263 of the Act set-aside the order of the Assessing Officer on the ground that th .....

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..... nd computation of deduction under Section 10AA of the Act after taking into account disallowance under Section 40(a)(ia) of the Act. Being aggrieved by the same, Revenue is in appeal. 3. This Court while admitting the appeal has framed the following substantial question of law: Whether the provisions of Chapter IV and Chapter VI of the Income Tax Act would be applicable in computing the in .....

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