https://www.taxtmi.com/caselaws?id=335758 The Income Tax Appellate Tribunal (ITAT) allowed the exemption under section 10B for the appellant firm, finding that it qualified for the deduction despite allegations of utilizing assets and manpower from a sister concern. The ITAT determined that the appellant firm was engaged in different activities from the sister concern, thus meeting the eligibility criteria for the exemption. The ITAT directed the Assessing Officer to allow the benefit of deduction under section 10B for the relevant years, partially allowing the appeals. en-us Wed, 30 Nov 2016 00:00:00 +0530 Thu, 08 Dec 2016 21:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335758 The Income Tax Appellate Tribunal (ITAT) allowed the exemption under section 10B for the appellant firm, finding that it qualified for the deduction despite allegations of utilizing assets and manpower from a sister concern. The ITAT determined that the appellant firm was engaged in different activities from the sister concern, thus meeting the eligibility criteria for the exemption. The ITAT directed the Assessing Officer to allow the benefit of deduction under section 10B for the relevant years, partially allowing the appeals. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335758