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2021 (10) TMI 780 - AT - Income TaxDeduction u/s 10A - income eligible undertaking by ignoring the CBDT’s Circular no.7/DV/2013, dated 16th July 2013 - CIT(A) directed the AO to allow the deduction claimed u/s 10A of the Act by the assessee to the extent of income of eligible undertaking - HELD THAT:- On a careful perusal of the order of the learned CIT(A) we do not find any valid reason much less a cogent reason to reverse the findings of the learned CIT(A). The above direction is, in our view, just and proper hence does not call for any interference. We have also gone through the decision in Yokogawa India Ltd. [2011 (8) TMI 845 - KARNATAKA HIGH COURT] relied upon by the learned CIT(A) and found that the issue for our adjudication is squarely covered by the aforesaid decision of the Hon'ble Supreme Court. Revenue has also not brought any material contrary to the stand taken by the learned CIT(A) which force us to take a decision other than the decision taken by the learned CIT(A). Consequently, we uphold the order of the learned CIT(A) by dismissing the ground raised by the Revenue.
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