https://www.taxtmi.com/caselaws?id=213242 The appeal under Section 260-A of the Income Tax Act, 1961 against the denial of exemption under Section 10-A for the assessment year 2004-2005 was dismissed. The Tribunal allowed the assessee's appeal, finding that the conversion from proprietorship to partnership did not disentitle the assessee from claiming the exemption. The omission of certain sub-sections by the Finance Act, 2003, supported the Tribunal's decision. The reliance on CBDT circulars was crucial, and the assessee was held entitled to claim the exemption under Section 10-A for the said assessment year. en-us Wed, 21 Mar 2012 00:00:00 +0530 Tue, 02 Jul 2013 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213242 The appeal under Section 260-A of the Income Tax Act, 1961 against the denial of exemption under Section 10-A for the assessment year 2004-2005 was dismissed. The Tribunal allowed the assessee's appeal, finding that the conversion from proprietorship to partnership did not disentitle the assessee from claiming the exemption. The omission of certain sub-sections by the Finance Act, 2003, supported the Tribunal's decision. The reliance on CBDT circulars was crucial, and the assessee was held entitled to claim the exemption under Section 10-A for the said assessment year. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213242