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2011 (10) TMI 423 - HC - Income TaxExemption u/s 10B - 100% export oriented undertaking - The respondent claimed the benefit of tax holiday in accordance with the un-amended provision of section 10B for a period of 5 years - assessee claimed the benefit from payment of tax for the years 1999-2000, 2000-01 and 2001-02 as the amended provision came into force from 01.04.1999 - In the process, a person who is eligible to a tax holiday has not only been denied the benefit, but made him to contest the proceedings in three forums - The only way to bring reason to the department is by imposing costs, so that appropriate action may be taken against the person who has taken a decision to prefer an appeal and recover the same after enquiry - Decided in favor of the assessee
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