https://www.taxtmi.com/caselaws?id=64308 The Tribunal upheld the CIT(A)'s decision, affirming the eligibility of the assessee's STP and EOU units for exemptions under sections 10A and 10B of the Income Tax Act. It concluded that the STP unit was newly established post-merger, and the EOU maintained its tax-free status as an independent unit. The Tribunal dismissed the Revenue's appeal, emphasizing that the exemptions are attached to the undertaking, not the owner, thereby validating the CIT(A)'s allowance of the exemptions. en-us Mon, 07 Jul 2003 00:00:00 +0530 Wed, 28 Aug 2024 12:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64308 The Tribunal upheld the CIT(A)'s decision, affirming the eligibility of the assessee's STP and EOU units for exemptions under sections 10A and 10B of the Income Tax Act. It concluded that the STP unit was newly established post-merger, and the EOU maintained its tax-free status as an independent unit. The Tribunal dismissed the Revenue's appeal, emphasizing that the exemptions are attached to the undertaking, not the owner, thereby validating the CIT(A)'s allowance of the exemptions. Case-Laws Income Tax Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64308