https://www.taxtmi.com/caselaws?id=169574 The ITAT ruled in favor of the Assessee, directing the Assessing Officer to grant exemption under section 10B of the Income Tax Act for the Assessment Year 2006-07. The ITAT held that the Assessee qualified for the exemption as a 100% export-oriented undertaking, and the denial of exemption by the Assessing Officer was based on unfounded assumptions. Additionally, the ITAT upheld the relief granted by the Commissioner of Income Tax (A) and dismissed the Revenue's appeal, allowing the Assessee's claim for deduction under section 10B. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 22 Oct 2014 15:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169574 The ITAT ruled in favor of the Assessee, directing the Assessing Officer to grant exemption under section 10B of the Income Tax Act for the Assessment Year 2006-07. The ITAT held that the Assessee qualified for the exemption as a 100% export-oriented undertaking, and the denial of exemption by the Assessing Officer was based on unfounded assumptions. Additionally, the ITAT upheld the relief granted by the Commissioner of Income Tax (A) and dismissed the Revenue's appeal, allowing the Assessee's claim for deduction under section 10B. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169574