https://www.taxtmi.com/caselaws?id=270785 The court affirmed the lower appellate order allowing the assessee a section 10B deduction of Rs. 34,87,738. It was held that the assessee met the conditions under section 10B(2)(ii) and (iii) of the Income Tax Act, and the transfer of assets from DTA to 100% EOU did not violate the law. The deduction claimed was allowed based on the proportionate basis of export turnover to total turnover. The Revenue's appeal was dismissed, emphasizing the eligibility of the assessee for the deduction as per the law and CBDT Circular. en-us Fri, 11 Dec 2015 00:00:00 +0530 Fri, 15 Jan 2016 11:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270785 The court affirmed the lower appellate order allowing the assessee a section 10B deduction of Rs. 34,87,738. It was held that the assessee met the conditions under section 10B(2)(ii) and (iii) of the Income Tax Act, and the transfer of assets from DTA to 100% EOU did not violate the law. The deduction claimed was allowed based on the proportionate basis of export turnover to total turnover. The Revenue's appeal was dismissed, emphasizing the eligibility of the assessee for the deduction as per the law and CBDT Circular. Case-Laws Income Tax Fri, 11 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270785