https://www.taxtmi.com/caselaws?id=120421 The appeal by the assessee against the disallowance of deduction under section 10A of the Income-tax Act for a Software Technology Park (STP) Unit was dismissed. The Tribunal upheld the decision of the lower authorities, concluding that the new unit was formed by splitting/reconstruction of the existing business, thus not meeting the requirements for exemption under section 10A. The Tribunal emphasized the lack of substantial investment and new services in the new unit, distinguishing it from precedents where such factors justified a new independent unit. The disallowance of the deduction under section 10A was upheld, and the assessee's appeal was dismissed. en-us Fri, 29 Aug 2008 00:00:00 +0530 Thu, 19 Jul 2012 12:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120421 The appeal by the assessee against the disallowance of deduction under section 10A of the Income-tax Act for a Software Technology Park (STP) Unit was dismissed. The Tribunal upheld the decision of the lower authorities, concluding that the new unit was formed by splitting/reconstruction of the existing business, thus not meeting the requirements for exemption under section 10A. The Tribunal emphasized the lack of substantial investment and new services in the new unit, distinguishing it from precedents where such factors justified a new independent unit. The disallowance of the deduction under section 10A was upheld, and the assessee's appeal was dismissed. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120421