https://www.taxtmi.com/caselaws?id=236269 The Court upheld the Tribunal's decision in Tax Case Appeals, dismissing the Revenue's challenges. The assessee, engaged in job work for foreign companies without exporting goods or software, was granted exemption under Section 10B of the Income Tax Act. The Court affirmed the eligibility for exemption despite not exercising the option for certain assessment years, emphasizing compliance with Export Oriented Unit (EOU) requirements. The recognition of a new EOU was supported by previous approvals and compliance, leading to the dismissal of Revenue's appeals for the relevant assessment years. en-us Thu, 25 Jul 2013 00:00:00 +0530 Tue, 04 Feb 2014 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236269 The Court upheld the Tribunal's decision in Tax Case Appeals, dismissing the Revenue's challenges. The assessee, engaged in job work for foreign companies without exporting goods or software, was granted exemption under Section 10B of the Income Tax Act. The Court affirmed the eligibility for exemption despite not exercising the option for certain assessment years, emphasizing compliance with Export Oriented Unit (EOU) requirements. The recognition of a new EOU was supported by previous approvals and compliance, leading to the dismissal of Revenue's appeals for the relevant assessment years. Case-Laws Income Tax Thu, 25 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236269