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The Ito, Ward-2(1)(4),, Ahmedabad vs Mednautix Outsourcing Pvt. Ltd.,, ... on 5 September, 2017

9. Respectfully following the judgment of the Co-ordinate Bench of the Tribunal, I find that the contentions of the assessee has merits and this ground has to be allowed. The judgment of the Hon'ble Delhi High Court in the case of Commissioner of Income tax v. Regency Creations Ltd. (supra), clearly notes that benefits of deduction u/s 10B of the Act, is radically different from the one envisaged u/S 10A of the Act. That was not a case where approval was specifically granted u/s 10B of the Act. In the case on hand, vide communication dt. 15/09/2006, exemption was specifically granted by the Office of the Development Commissioner for claim of exemption u/s 10B of the Act. In view of the above discussion, Ground No. 2 of the assessee is allowed.
Income Tax Appellate Tribunal - Ahmedabad Cites 7 - Cited by 3 - Full Document
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