2010 (9) TMI 96

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..... such export business under Section 10B of the Income Tax Act (the Act) on the ground.that it was 100% export oriented unit established in NEPZ, Noida. In support of the aforesaid claim, the respondent has filed a certificate of Joint Commissioner, NEPZ, Noida and also furnished the requisite report as required under Section 10B(5) of the Act in Form 56G.   2. Admittedly, the report, as requ .....

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..... ts order dated 31.3.2004 allowed the appeal in part. The CIT (Appeals) has deleted the addition of Rs.19,25,186/-on the ground that the dealer has submitted the stock inventory and no defect has been found in the books of account. The CIT (Appeals) has however accepted the delay in filing the report in Form 56G of the Act but has not accepted the claim of exemption under Section 10B of the Act on .....

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..... e is no justification to reject the claim of the assessee on the ground that the Joint Commissioner, NEPZ, Noida is not competent to deal it. We do not find any error in the order of the Tribunal.   7. We have perused Section 10B of the Act. Section 10B of the Act provides exemption to the 100% export oriented unit. Section 10B(5) of the Act only requires furnishing of Form 56G. The Accounta .....

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