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Showing contexts for: form softex in Rsg Media Pvt. Ltd., New Delhi vs Department Of Income Tax on 1 February, 2010Matching Fragments
3. The AO also wanted to know the genuineness of exports made by company and also wanted to know whether the unit was eligible for deduction u/s 10B or not. Therefore, the assessee was required to submit certain documents/explanations in support of its claim. After having received documents/informations, confirmations from assessee, the AO held that the unit was not eligible for deduction u/s 10B because of the following reasons and also made the following disallowances:
• The assessee company has not produced or manufactured the software on its own rather got developed it from M/s I.Q.Resources Pvt. Ltd. • The assessee company has failed to comply with the requirement of filing Audit Report with form 56G. • The assessee company failed to produce the attested copy of the bills raised from STPI and Customs authority, copy of Softex forms, copy of STPI registration for which software development it was registered and details of software developed by it.