https://www.taxtmi.com/caselaws?id=246928 The High Court allowed the appeals, granting exemption under Section 10B of the Income Tax Act to the assessee. The conversion of a Domestic Tariff Area (DTA) unit to an Export Oriented Unit (EOU) did not constitute the formation of a new business, making the assessee eligible for the exemption. Additionally, the factory building was not classified as plant and machinery for the purpose of determining eligibility under Section 10B, as it had been treated as a building for depreciation purposes. en-us Tue, 15 Apr 2014 00:00:00 +0530 Wed, 20 Aug 2014 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246928 The High Court allowed the appeals, granting exemption under Section 10B of the Income Tax Act to the assessee. The conversion of a Domestic Tariff Area (DTA) unit to an Export Oriented Unit (EOU) did not constitute the formation of a new business, making the assessee eligible for the exemption. Additionally, the factory building was not classified as plant and machinery for the purpose of determining eligibility under Section 10B, as it had been treated as a building for depreciation purposes. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246928