https://www.taxtmi.com/caselaws?id=263355 The court ruled in favor of the assessee regarding the entitlement to claim a 10-year exemption under Section 10B of the Income Tax Act, extending the tax holiday period to boost exports. The court remanded the matter for the Assessing Officer to determine eligibility based on the Karnataka High Court's decision. Regarding the deletion of exclusions under section 80HHC, the court differentiated between income items and their connection to exports, emphasizing a detailed discussion on the test applied by the Tribunal. The court highlighted the need for a comprehensive review by the Assessing Authority concerning deductions for export profits under Section 80HHC. en-us Thu, 20 Aug 2015 00:00:00 +0530 Tue, 01 Sep 2015 07:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263355 The court ruled in favor of the assessee regarding the entitlement to claim a 10-year exemption under Section 10B of the Income Tax Act, extending the tax holiday period to boost exports. The court remanded the matter for the Assessing Officer to determine eligibility based on the Karnataka High Court's decision. Regarding the deletion of exclusions under section 80HHC, the court differentiated between income items and their connection to exports, emphasizing a detailed discussion on the test applied by the Tribunal. The court highlighted the need for a comprehensive review by the Assessing Authority concerning deductions for export profits under Section 80HHC. Case-Laws Income Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263355