https://www.taxtmi.com/caselaws?id=221743 The Tribunal dismissed the assessee's appeal, upholding the disallowance of exemption u/s.10B on the profits of the Pune Unit. It emphasized the independent eligibility of each unit for exemption u/s.10B and the computation of business profits for deduction eligibility, rejecting the assessee's argument of claiming deduction on the total income of both units. The decision was influenced by conflicting views from a Special Bench and the Kerala High Court, ultimately favoring the latter's interpretation. en-us Fri, 27 Jan 2012 00:00:00 +0530 Thu, 28 Mar 2013 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221743 The Tribunal dismissed the assessee's appeal, upholding the disallowance of exemption u/s.10B on the profits of the Pune Unit. It emphasized the independent eligibility of each unit for exemption u/s.10B and the computation of business profits for deduction eligibility, rejecting the assessee's argument of claiming deduction on the total income of both units. The decision was influenced by conflicting views from a Special Bench and the Kerala High Court, ultimately favoring the latter's interpretation. Case-Laws Income Tax Fri, 27 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221743