https://www.taxtmi.com/caselaws?id=330418 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's deduction under Section 10B for ten consecutive years starting from A.Y. 2002-03, the initial year of positive income, rather than from A.Y. 2001-02. It was held that the requirement to file a declaration under Section 10B(8) was not mandatory in the absence of positive income. The revenue's appeal was dismissed, affirming the CIT(A)'s decision to grant the exemption for A.Y. 2011-12. en-us Thu, 14 Jul 2016 00:00:00 +0530 Thu, 21 Jul 2016 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330418 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's deduction under Section 10B for ten consecutive years starting from A.Y. 2002-03, the initial year of positive income, rather than from A.Y. 2001-02. It was held that the requirement to file a declaration under Section 10B(8) was not mandatory in the absence of positive income. The revenue's appeal was dismissed, affirming the CIT(A)'s decision to grant the exemption for A.Y. 2011-12. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330418