https://www.taxtmi.com/caselaws?id=180220 The Tribunal allowed the assessee's appeal, directing the AO to grant the deduction under section 10B of the Income Tax Act. It was held that the shareholding change did not violate section 10B(9) as the substantial ownership remained with the assessee. The Tribunal relied on the principle that the omission of a statutory provision without a saving clause implies its non-existence. The denial of the deduction for the assessment year under consideration was deemed improper, and any issues related to share transfer should have been addressed in the relevant assessment year. en-us Wed, 26 Jun 2013 00:00:00 +0530 Wed, 19 Apr 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180220 The Tribunal allowed the assessee's appeal, directing the AO to grant the deduction under section 10B of the Income Tax Act. It was held that the shareholding change did not violate section 10B(9) as the substantial ownership remained with the assessee. The Tribunal relied on the principle that the omission of a statutory provision without a saving clause implies its non-existence. The denial of the deduction for the assessment year under consideration was deemed improper, and any issues related to share transfer should have been addressed in the relevant assessment year. Case-Laws Income Tax Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180220