M/S. ACCURATE DATA CONVERTORS P. LTD.,COIMBATORE vs. ITO, COIMBATORE

In the result, the appeal of the assessee is dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singhआयकर अपील सं./Ita No.2514/Mds/2016 "नधा+रण वष+ /Assessment Year: 2009-10

reassessment notice in March, 2014, claiming that the income had escaped assessment and the deduction under section 10A was wrongly allowed. According to the Assessing Officer, the assessee claimed deduction under section 10A without setting off the losses of the other units from the profits derived from eligible units and, thus, there existed valid reasons to believe that assessee failed