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2017 (7) TMI 1252 - ITAT DELHIDeduction u/s 10A/10AA - Held that:- If the first sale is effected after the unit is recognized as STP, then the assessee is entitled to benefit of sec 10A even though the unit started production before it become a STP unit. In the instant case, the assessee has demonstrated that first invoice has been raised after it has obtained the approval of STPI. Thus, the issue of claim of exemption u/s 10A is covered by the decisions of this Bench in the case of M/s Infosys Technologies ltd [2005 (7) TMI 667 - ITAT BANGALORE]. Following that order, we hold that the Id. CIT(A) was justified in allowing exemption u/s 10A for units 2, 3 and 4. In respect of unit 4, the deduction is held as admissible as the first invoice is raised after STPI approval. - Decided in favour of assessee.
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