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2013 (6) TMI 766 - ITAT MUMBAIBenefit of deduction u/s. 10B - Held that:- The share has been transferred before March 2003, interim dividend has been received by the transferee which has also been verified from the bank statements of Altana Pharma AG. As the Assessing Officer himself has verified such clinching evidences and has accepted them in order, therefore, in our considerate view we do not find any reason to hold that there was a change in ownership to the detriment of the assessee company visa- vis section 10B(9) of the Act. Considering all the facts relating to transfer and the remand report, we hold that the substantial share holding was always with the assessee at the end of the financial year entitling it for the claim of exemption u/s. 10B(9) of the Act - Decided in favour of assessee
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