https://www.taxtmi.com/caselaws?id=210382 The High Court upheld the Tribunal's decision in favor of the assessee, confirming eligibility for exemption under Section 10(B) of the Income-tax Act. The relocation of the business unit from Gujarat to Bangalore was deemed permissible, maintaining continuity and identity, entitling the assessee to claim benefits for the assessment year 1992-93. The court dismissed the appeal, affirming that the relocation did not disqualify the assessee from availing the exemption under Section 10(B) as there was only one unit in Bangalore with lawful permission. en-us Tue, 02 Aug 2011 00:00:00 +0530 Tue, 11 Dec 2012 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210382 The High Court upheld the Tribunal's decision in favor of the assessee, confirming eligibility for exemption under Section 10(B) of the Income-tax Act. The relocation of the business unit from Gujarat to Bangalore was deemed permissible, maintaining continuity and identity, entitling the assessee to claim benefits for the assessment year 1992-93. The court dismissed the appeal, affirming that the relocation did not disqualify the assessee from availing the exemption under Section 10(B) as there was only one unit in Bangalore with lawful permission. Case-Laws Income Tax Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210382