https://www.taxtmi.com/caselaws?id=239658 The Tribunal upheld the Commissioner's decision allowing the benefit under section 10AA of the Income-tax Act for the assessment year 2008-09 to the assessee engaged in import/export and trading activities. It was determined that trading activities were permissible under section 10AA, and the trading of eligible goods entitled the assessee to the benefit. Additionally, the condition under Section 10AA(4)(iii) was deemed fulfilled as the assessee, a successor of a partnership firm, did not possess machinery or plant due to being a trading company. The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decision. en-us Wed, 13 Nov 2013 00:00:00 +0530 Tue, 19 Nov 2013 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239658 The Tribunal upheld the Commissioner's decision allowing the benefit under section 10AA of the Income-tax Act for the assessment year 2008-09 to the assessee engaged in import/export and trading activities. It was determined that trading activities were permissible under section 10AA, and the trading of eligible goods entitled the assessee to the benefit. Additionally, the condition under Section 10AA(4)(iii) was deemed fulfilled as the assessee, a successor of a partnership firm, did not possess machinery or plant due to being a trading company. The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decision. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239658