https://www.taxtmi.com/caselaws?id=177264 The Appellate Tribunal ITAT DELHI allowed the appeal for assessment year 2007-08, upholding the assessee's claim for deduction under section 10B of the Income Tax Act. Despite the Assessing Officer's disallowance based on a CBDT Clarification, the Tribunal found in favor of the assessee, noting discrepancies between the Clarification and relevant Press Notes. The Tribunal considered supporting evidence and communication, determining that the assessee was entitled to the deduction under section 10B. As a result, the appeal was allowed, and the deduction claim was upheld. The judgment was delivered on 03.05.2011 by the Tribunal. en-us Tue, 03 May 2011 00:00:00 +0530 Wed, 06 Jan 2016 10:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177264 The Appellate Tribunal ITAT DELHI allowed the appeal for assessment year 2007-08, upholding the assessee's claim for deduction under section 10B of the Income Tax Act. Despite the Assessing Officer's disallowance based on a CBDT Clarification, the Tribunal found in favor of the assessee, noting discrepancies between the Clarification and relevant Press Notes. The Tribunal considered supporting evidence and communication, determining that the assessee was entitled to the deduction under section 10B. As a result, the appeal was allowed, and the deduction claim was upheld. The judgment was delivered on 03.05.2011 by the Tribunal. Case-Laws Income Tax Tue, 03 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177264