https://www.taxtmi.com/caselaws?id=213792 The court dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's order for the assessment year 2007-08. The Revenue's argument that the respondent was not eligible for exemption under Section 10A due to business formation issues was not considered as it was not raised before the tribunal. Additionally, the court clarified that the conditions in Section 10A(2)(i) are mutually exclusive, with the respondent's undertaking falling under clause (b). The appeal was found to be without merit, and the court dismissed it without costs. en-us Tue, 15 May 2012 00:00:00 +0530 Tue, 05 Jun 2012 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213792 The court dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's order for the assessment year 2007-08. The Revenue's argument that the respondent was not eligible for exemption under Section 10A due to business formation issues was not considered as it was not raised before the tribunal. Additionally, the court clarified that the conditions in Section 10A(2)(i) are mutually exclusive, with the respondent's undertaking falling under clause (b). The appeal was found to be without merit, and the court dismissed it without costs. Case-Laws Income Tax Tue, 15 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213792