Whether exemption u/s 10A is to be computed before setoff of brought forward losses and unabsorbed depreciation – YES: HC
Business expenditure incurred during post production of film on account of advertisement expenses is allowable deduction if it satisfies the conditions of section 37
Diluting Deeming Provision : No taxation as Deemed dividend u/s 2(22)(e) if borrower is not shareholder in lender company
