https://www.taxtmi.com/caselaws?id=118865 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee and dismissing the revenue's appeal. It concluded that the Assessing Officer was not justified in denying exemption under section 10A as the assessee had met the conditions for claiming the exemption. The Tribunal clarified that the exemption under section 10A was not limited to units exporting 75% of turnover and that the introduction of section 10A(2)(i)(a) was prospective, not retrospective. This decision affirmed the assessee's eligibility for the tax holiday under section 10A. en-us Tue, 30 Aug 2005 00:00:00 +0530 Fri, 06 Jul 2012 13:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118865 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee and dismissing the revenue's appeal. It concluded that the Assessing Officer was not justified in denying exemption under section 10A as the assessee had met the conditions for claiming the exemption. The Tribunal clarified that the exemption under section 10A was not limited to units exporting 75% of turnover and that the introduction of section 10A(2)(i)(a) was prospective, not retrospective. This decision affirmed the assessee's eligibility for the tax holiday under section 10A. Case-Laws Income Tax Tue, 30 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118865