Dcit Cc 8(1), Mumbai vs Jsk Industries P.Ltd, Mumbai on 12 December, 2018
12. Further, the Hon'ble Delhi High Court in ACIT vs. IIS Infotech Ltd.
[82 TTJ 174] while discussing the scope of exemption under section
10B held that benefit under section 10 is always attached to the
industrial undertaking irrespective of the fact who owns it 100%
export oriented unit and enjoying tax exemption under section 10B
merged with assessee, would be entitled to same benefit with respect
to said unit even after merger of unit being of an independent unit.