COMMISSIONER OF INCOME TAX -II, GUWAHATI vs. M/S. ARIHANT INTERNATIONAL LIMITED , GUWAHATI

In the result, the appeal filed by the Revenue is dismissed

Bench: Dr. Manish Borad & Sri Sonjoy Sarma

carry forward losses incurred in other non-eligible units. In the subsequent assessment framed for AY 2003-04, ld. AO’s successor had disallowed the claim of deduction u/s 10A of the Act by first setting off the losses of non-eligible units with the profits of the eligible units. Referring to the conclusions drawn