https://www.taxtmi.com/caselaws?id=332604 The High Court confirmed that Unit-107 was a separate and distinct unit eligible for exemption under Section 10A of the Income-Tax Act. It was established that Unit-107 operated independently from Unit-106, serving different markets and having its own premises and investments. The Court rejected the argument that Unit-107 was formed by splitting up Unit-106, emphasizing the new capital and labor force involved in setting up Unit-107. The Revenue's appeals were dismissed, and the Tribunal's decision in favor of Unit-107's exemption was upheld. en-us Fri, 16 Sep 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332604 The High Court confirmed that Unit-107 was a separate and distinct unit eligible for exemption under Section 10A of the Income-Tax Act. It was established that Unit-107 operated independently from Unit-106, serving different markets and having its own premises and investments. The Court rejected the argument that Unit-107 was formed by splitting up Unit-106, emphasizing the new capital and labor force involved in setting up Unit-107. The Revenue's appeals were dismissed, and the Tribunal's decision in favor of Unit-107's exemption was upheld. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332604