https://www.taxtmi.com/caselaws?id=247621 The Tribunal allowed the appeal, directing the Assessing Officer to allow the deduction under Section 10B of the Income Tax Act for the export of ready-to-print books in electronic form. The Tribunal held that the activities of the assessee constituted "customized electronic data" falling within the definition of "computer software" under Section 10B. Consequently, the interest levied under Sections 234B and 234D was to be recomputed based on the allowed deduction. The orders passed by the CIT(A) and the Assessing Officer were deemed incorrect in law regarding the interpretation of Section 10B. en-us Wed, 07 May 2014 00:00:00 +0530 Thu, 16 Jul 2015 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247621 The Tribunal allowed the appeal, directing the Assessing Officer to allow the deduction under Section 10B of the Income Tax Act for the export of ready-to-print books in electronic form. The Tribunal held that the activities of the assessee constituted "customized electronic data" falling within the definition of "computer software" under Section 10B. Consequently, the interest levied under Sections 234B and 234D was to be recomputed based on the allowed deduction. The orders passed by the CIT(A) and the Assessing Officer were deemed incorrect in law regarding the interpretation of Section 10B. Case-Laws Income Tax Wed, 07 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247621