https://www.taxtmi.com/caselaws?id=177895 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 10B for the assessee's export-oriented unit, emphasizing the unit's new formation and use of new machinery. Additionally, the Tribunal supported the deletion of the addition on account of lower gross profit, highlighting the lack of concrete evidence and specific findings by the AO. The Tribunal dismissed the Revenue's appeal, emphasizing the necessity of substantiated reasons for making additions and rejecting book results. en-us Fri, 29 Jan 2010 00:00:00 +0530 Thu, 21 Jan 2016 14:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177895 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 10B for the assessee's export-oriented unit, emphasizing the unit's new formation and use of new machinery. Additionally, the Tribunal supported the deletion of the addition on account of lower gross profit, highlighting the lack of concrete evidence and specific findings by the AO. The Tribunal dismissed the Revenue's appeal, emphasizing the necessity of substantiated reasons for making additions and rejecting book results. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177895