https://www.taxtmi.com/caselaws?id=214357 The Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the applicability of the beneficial Clause of the 10 years amendment to Section 10A. The Court emphasized that the assessee was entitled to the extended tax holiday benefit for 10 consecutive years from the commencement of production, as per the amended provision. The judgment highlighted the legislative intent to promote exports by extending the tax holiday period and ensure the full duration of the benefit specified in the law. The appeal was dismissed, affirming the assessee's entitlement to the extended tax holiday benefit under the amended provision. en-us Tue, 20 Mar 2012 00:00:00 +0530 Thu, 28 Jun 2012 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214357 The Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the applicability of the beneficial Clause of the 10 years amendment to Section 10A. The Court emphasized that the assessee was entitled to the extended tax holiday benefit for 10 consecutive years from the commencement of production, as per the amended provision. The judgment highlighted the legislative intent to promote exports by extending the tax holiday period and ensure the full duration of the benefit specified in the law. The appeal was dismissed, affirming the assessee's entitlement to the extended tax holiday benefit under the amended provision. Case-Laws Income Tax Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214357