https://www.taxtmi.com/caselaws?id=78844 The High Court upheld the ITAT's decision to allow exemption under Section 10A for specific items of income, including reimbursement of expenses for ISO certification, corporate charges, and lease rent payment. The court ruled in favor of the assessee, stating that such reimbursements should not be deducted from the profits of the eligible undertaking. The lease rent payment was considered revenue expenditure as it was for continuing to enjoy leasehold rights, not for acquiring new capital assets. The court found no substantial question of law and dismissed the case. en-us Thu, 23 Sep 2010 00:00:00 +0530 Fri, 25 Jan 2013 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78844 The High Court upheld the ITAT's decision to allow exemption under Section 10A for specific items of income, including reimbursement of expenses for ISO certification, corporate charges, and lease rent payment. The court ruled in favor of the assessee, stating that such reimbursements should not be deducted from the profits of the eligible undertaking. The lease rent payment was considered revenue expenditure as it was for continuing to enjoy leasehold rights, not for acquiring new capital assets. The court found no substantial question of law and dismissed the case. Case-Laws Income Tax Thu, 23 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78844