https://www.taxtmi.com/caselaws?id=218117 The Tribunal allowed the appeal, quashing the CIT(A)'s order. It held that the denial of deduction under section 10A was unjust as the company existed and was engaged in exports. The Tribunal found the CIT(A) violated natural justice by enhancing income without a hearing. The penalty proceedings under section 271(1)(c) were quashed due to the Tribunal's decision. The stay petition was dismissed. en-us Wed, 04 Apr 2012 00:00:00 +0530 Mon, 05 Nov 2012 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218117 The Tribunal allowed the appeal, quashing the CIT(A)'s order. It held that the denial of deduction under section 10A was unjust as the company existed and was engaged in exports. The Tribunal found the CIT(A) violated natural justice by enhancing income without a hearing. The penalty proceedings under section 271(1)(c) were quashed due to the Tribunal's decision. The stay petition was dismissed. Case-Laws Income Tax Wed, 04 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218117