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2014 (1) TMI 1637 - AT - Income TaxDeduction u/s 10B - Held that:- Assessee filed a copy of decision of ITAT Delhi [2014 (4) TMI 929 - ITAT DELHI] and submitted that the issue of allowability of deduction u/s 10B of the Act has been decided in favour of the Assessee in Assessee’s own case for immediately preceding assessment year to the year under consideration in this appeal. The Ld. Counsel of the Assessee drawn our attention towards Paragraph No. 7 & 8 wherein the CIT(A) concluded its findings and observations by directing the Assessing Officer to grant exemption u/s 10B of the Act to the Assessee and ITAT ‘C’ Bench, Delhi upholded the findings of the CIT(A) by holding that the Assessee was entitled to exemption u/s 10B of the Act then the period of exemption started from Assessment Year 1998-99 and cannot be said to be exhausted in the year under consideration in the present appeal i.e 2006-07. - Following decision of asessee's own previous case, authorities below were not justified in rejecting the claim of the Assessee for deduction u/s 10B of the Act - Decided in favour of assessee.
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