2018 (11) TMI 1799 - HC - Income Tax

Exemption u/s 10A - organizational change - assessee has split-up and reconstructed the business already in existence; that the new business has been formed out of the plant and machinery previously used for the purpose - HELD THAT - Since the instant appeal arises out of the order passed by the Tribunal which is affirmed by this Court this appeal too is to be disposed of. The substantial question of law is answered in favour of the assessee and against the Revenue by following the earlier orders of this Court in M/S. L.G. SOFT INDIA PRIVATE LIMITED 2018 (11) TMI 1787 - KARNATAKA HIGH COURT

Summary

The Karnataka High Court upheld the Tribunal's decision in favor of the assessee in the case of Revenue vs. M/s. L.G. Soft India Private Limited. The appeal by the Revenue was dismissed, and the Court ruled in favor of the assessee based on earlier orders.