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U/s 10B of IT Act

This query is : Resolved 
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(Querist)
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??
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
08 December 2010 Exemtion u/s 10B , Profit after adjustment of unabsorbed deprecation but before the setoff of B/F Loss.
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Rinky jhanwar

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Rinky jhanwar (Querist)
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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