https://www.taxtmi.com/caselaws?id=209928 The Court upheld the assessee's entitlement to the deduction under Section 10A of the Income Tax Act for the assessment year 2001-2002. The Assessing Officer's disallowance of the deduction was overturned by the CIT (Appeals) and the Tribunal, as they found that the assessee had met the conditions for newly established undertakings in free trade zones. The Tribunal confirmed the presence of manufacturing activities, compliance with STPI requirements, possession of necessary resources, and in-house software development by the assessee's employees. Consequently, the Tax Appeal was dismissed, affirming the assessee's right to the deduction. en-us Mon, 04 Jul 2011 00:00:00 +0530 Sat, 06 Jul 2013 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209928 The Court upheld the assessee's entitlement to the deduction under Section 10A of the Income Tax Act for the assessment year 2001-2002. The Assessing Officer's disallowance of the deduction was overturned by the CIT (Appeals) and the Tribunal, as they found that the assessee had met the conditions for newly established undertakings in free trade zones. The Tribunal confirmed the presence of manufacturing activities, compliance with STPI requirements, possession of necessary resources, and in-house software development by the assessee's employees. Consequently, the Tax Appeal was dismissed, affirming the assessee's right to the deduction. Case-Laws Income Tax Mon, 04 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209928