https://www.taxtmi.com/caselaws?id=177895 Section 10B relief may be claimed for the unexpired eligible period where a unit was originally formed as a new undertaking, used only new machinery, and was not shown to result from splitting up, reconstruction, or transfer of old machinery; later acquisition of EOU status does not by itself disqualify the claim. Estimated profit addition based on low gross profit is unsustainable where the books are not shown defective, the accounts are not rejected on proved infirmity, and there is no independent material of suppressed sales or inflated expenses. The ratio emphasizes statutory eligibility for export-oriented deductions and the limits on pure guesswork in profit estimation. 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 Section 10B relief may be claimed for the unexpired eligible period where a unit was originally formed as a new undertaking, used only new machinery, and was not shown to result from splitting up, reconstruction, or transfer of old machinery; later acquisition of EOU status does not by itself disqualify the claim. Estimated profit addition based on low gross profit is unsustainable where the books are not shown defective, the accounts are not rejected on proved infirmity, and there is no independent material of suppressed sales or inflated expenses. The ratio emphasizes statutory eligibility for export-oriented deductions and the limits on pure guesswork in profit estimation. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177895