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2018 (6) TMI 1468 - HC - Income TaxEntitlement to deduction u/s.10B -‘Deemed Export’ of goods made during the period in question through a third party - Held that:- Division Bench of this Court in the case of Tata Elxsi [2015 (10) TMI 634 - KARNATAKA HIGH COURT] reversed the order of the learned Tribunal and held in favour of the assessee that assessee were entitled to deduction u/s.10B of the Act in respect of the “Deemed Export” also and similarly following the said judgment, we have also taken a view in favour of the appellant-assessee M/s.International Stones India Pvt. Ltd., that the appellant-assessee is entitled to the benefit of deduction u/s.10B of the Act, we find that the present appellant- assessee M/s.Metal Closures Pvt. Ltd., who is also similarly situated, since the fact of “Deemed Export” made by it through a third party is not in dispute, also deserves to get the same relief and therefore, the present appeals filed by assessee deserve to be allowed.
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