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2011 (2) TMI 196 - AT - Income TaxExemption u/s 10A - The undertaking was already engaged in exporting software before it became a STP unit - The STP was notified in March, 1993 but not in Software Technology Park - In the year 2001, a company was formed by conversion of the firm and it started production in STP unit after getting approval - Thereafter only the undertaking claimed exemption u/s 10A of the IT Act - The claim of the assessee is supported by Board Circular No.1/2005, where it has been clearly held that undertaking set up in Domestic Tariff Area (DTA), which is subsequently approved as 100% export oriented, is entitled to relief u/s 10B of the IT Act provided the undertaking shall get relief only for the remaining period of ten consecutive years beginning with assessment year in which the undertaking begins to manufacture computer software as a DTA unit - Held that: the assessee is entitled to deduction u/s 10A of the Act - Decided in favour of assessee.
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