U/s 10B of IT Act


This query is : Resolved 

07 December 2010 Exemption under 10B of IT act has to be given after set off of brought forward loss/unabsorbed depreciation.


IS this correct??

08 December 2010 Exemtion u/s 10B , Profit after adjustment of unabsorbed deprecation but before the setoff of B/F Loss.

08 December 2010 IS the above contention supported by
a)Act
b)various rulings given by the High Court/ITAT???

Sir please send me a link if any Case law is there??


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