https://www.taxtmi.com/caselaws?id=211006 The case involved the interpretation of Section 10B of the Income Tax Act regarding the extended period of tax holiday. The dispute arose when an assessee, having already availed benefits under the unamended provision, claimed the extended benefit under the amended provision for the remaining period. The Assessing Authority denied the extended benefit, but the Tribunal and Appellate Authorities ruled in favor of the assessee, emphasizing that the law in force at the beginning of the relevant year governs entitlement to tax holiday benefits. The decision highlighted the importance of upholding legislative intent and preventing undue hardship to taxpayers. en-us Wed, 12 Oct 2011 00:00:00 +0530 Fri, 28 Jun 2013 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211006 The case involved the interpretation of Section 10B of the Income Tax Act regarding the extended period of tax holiday. The dispute arose when an assessee, having already availed benefits under the unamended provision, claimed the extended benefit under the amended provision for the remaining period. The Assessing Authority denied the extended benefit, but the Tribunal and Appellate Authorities ruled in favor of the assessee, emphasizing that the law in force at the beginning of the relevant year governs entitlement to tax holiday benefits. The decision highlighted the importance of upholding legislative intent and preventing undue hardship to taxpayers. Case-Laws Income Tax Wed, 12 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211006