https://www.taxtmi.com/caselaws?id=326704 The ITAT upheld the decisions of the Commissioner of Income Tax (Appeals) in two issues related to disallowance of deduction under sec. 10B of the Income Tax Act. In the first issue, the ITAT affirmed that the appellant fulfilled all conditions for claiming the deduction consistently across assessment years, rejecting the Revenue's argument against the deletion of disallowance. In the second issue, the ITAT upheld the allowance of deduction as the sale proceeds of computer software were received within the extended time frame specified by the Reserve Bank of India, meeting the statutory requirements for deduction under sec. 10B. en-us Mon, 14 Mar 2016 00:00:00 +0530 Fri, 22 Apr 2016 08:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326704 The ITAT upheld the decisions of the Commissioner of Income Tax (Appeals) in two issues related to disallowance of deduction under sec. 10B of the Income Tax Act. In the first issue, the ITAT affirmed that the appellant fulfilled all conditions for claiming the deduction consistently across assessment years, rejecting the Revenue's argument against the deletion of disallowance. In the second issue, the ITAT upheld the allowance of deduction as the sale proceeds of computer software were received within the extended time frame specified by the Reserve Bank of India, meeting the statutory requirements for deduction under sec. 10B. Case-Laws Income Tax Mon, 14 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326704