https://www.taxtmi.com/caselaws?id=341156 The appeal challenging the order passed by the Income Tax Appellate Tribunal regarding exemption under section 10B of the Income Tax Act, 1961 was dismissed. The tribunal found no change in ownership detrimental to the assessee company, thus determining that section 10B(9) was not attracted. The tribunal's factual findings were upheld, and the appeal did not raise any substantial question of law. The court emphasized the case's specific facts and circumstances, leaving open the question of section 10B's construction for future cases. Ultimately, the appeal was dismissed without costs awarded. en-us Fri, 24 Feb 2017 00:00:00 +0530 Mon, 03 Apr 2017 07:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341156 The appeal challenging the order passed by the Income Tax Appellate Tribunal regarding exemption under section 10B of the Income Tax Act, 1961 was dismissed. The tribunal found no change in ownership detrimental to the assessee company, thus determining that section 10B(9) was not attracted. The tribunal's factual findings were upheld, and the appeal did not raise any substantial question of law. The court emphasized the case's specific facts and circumstances, leaving open the question of section 10B's construction for future cases. Ultimately, the appeal was dismissed without costs awarded. Case-Laws Income Tax Fri, 24 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341156