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2016 (5) TMI 687 - AT - Income TaxBenefit of deduction u/s 10B denied - Held that:- From plain provisions of sec.10B, we hold that the period of 10 consecutive years should be reckoned from the assessment year 1997-98 i.e. from the year of commencement of production or manufacture of an article or thing upto the assessment year 2006-07. In the present appeal, we are concerned with the assessment year 2008-09, therefore, the respondent-assessee-company is not entitled for deduction u/s 10B of the Act as the period of 10 consecutive years expired with assessment year 2006-07. - Decided in favour of revenue
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