Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (8) TMI 236 - AT - Income TaxDeduction u/s 10B - Alternative claim u/s 11A – Assessee registered with STP as 100% EOU - Development and manufacture of software and IT enabled services – Held that:- The Tribunal had allowed the claim u/s 10B of the Act, the deduction was not allowable u/s 10B of the Act, however on a review petition directed the claim made be examined u/s 10A of the Act, if the same is allowable, provided conditions of section 10A of the Act are satisfied - also in THE COMMISSIONER OF INCOME TAX Versus REGENCY CREATIONS LTD. [2012 (9) TMI 627 - DELHI HIGH COURT] it has been held that the applicant had claimed the benefit of section 10B on the basis of the provisions which pertains to section 10A - Revenue has not raised the contention that assessee has not satisfied the conditions that are required for claiming deduction u/s 10A of the Act nor has the Revenue controverted the findings of the CIT(A) that assessee is entitled to the benefit of deduction u/s 10A of the Act - CIT(A) was justified in granting deduction u/s 10A – Decided against Revenue.
|