https://www.taxtmi.com/caselaws?id=244482 The High Court upheld the decision of the lower authorities, ruling in favor of the assessee-Company's entitlement to the 100% exemption under Section 10A of the Income Tax Act. The court found that the conversion from a partnership firm to a company did not constitute a transfer of ownership or beneficial interest, and the assessee met all statutory conditions. Additionally, the court recognized the applicability of relevant circulars and policies supporting the exemption claim. Consequently, the appeals were dismissed, affirming the assessee's right to the Section 10A exemption. en-us Wed, 12 Feb 2014 00:00:00 +0530 Wed, 20 Aug 2014 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244482 The High Court upheld the decision of the lower authorities, ruling in favor of the assessee-Company's entitlement to the 100% exemption under Section 10A of the Income Tax Act. The court found that the conversion from a partnership firm to a company did not constitute a transfer of ownership or beneficial interest, and the assessee met all statutory conditions. Additionally, the court recognized the applicability of relevant circulars and policies supporting the exemption claim. Consequently, the appeals were dismissed, affirming the assessee's right to the Section 10A exemption. Case-Laws Income Tax Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244482