https://www.taxtmi.com/caselaws?id=71959 The CIT(A) upheld the taxpayer's claim for deductions under Section 10B of the IT Act, dismissing the AO's objections. The CIT(A) determined that the taxpayer's activities, including chip design and software development, qualified as software development under Section 10B. The CIT(A) also found that procedural lapses regarding STPI norms did not disqualify the taxpayer from deductions, as they maintained their status as a 100% EOU and fulfilled export obligations. Consequently, the appeal by the Revenue was dismissed, and the taxpayer's eligibility for deductions was confirmed. en-us Fri, 30 May 2008 00:00:00 +0530 Thu, 07 Dec 2023 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71959 The CIT(A) upheld the taxpayer's claim for deductions under Section 10B of the IT Act, dismissing the AO's objections. The CIT(A) determined that the taxpayer's activities, including chip design and software development, qualified as software development under Section 10B. The CIT(A) also found that procedural lapses regarding STPI norms did not disqualify the taxpayer from deductions, as they maintained their status as a 100% EOU and fulfilled export obligations. Consequently, the appeal by the Revenue was dismissed, and the taxpayer's eligibility for deductions was confirmed. Case-Laws Income Tax Fri, 30 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71959