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2012 (11) TMI 382 - AT - Income TaxExemption u/s 10B of the Income Tax Act - assessee is a public limited company registered under the Companies Act engaged in the business of manufacturing and export of Telecom Transmission Equipments – Held that:- STPI registration granted to the assessee on 16.11.1998 is valid for allowing deduction to the assessee u/s 10B - in an earlier year, i.e., assessment year 2004-05, the AO himself has allowed deduction u/s 10B to the assessee in a scrutiny assessment - assessee is eligible for deduction u/s 10B, it cannot be denied in this subsequent year on the basis that the assessee is not an 100% EOU for the reason that necessary approval is not with the assessee - in favour of the assessee
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