https://www.taxtmi.com/caselaws?id=343229 The ITAT Cochin dismissed the appeal by the revenue and the cross objection by the assessee. The judgment clarified the treatment of deductions u/s 10B, emphasizing the independent calculation of profits for the eligible undertaking. The issue of the validity of reopening the assessment was not adjudicated due to the favorable ruling on the merit issue. en-us Tue, 16 May 2017 00:00:00 +0530 Fri, 19 May 2017 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343229 The ITAT Cochin dismissed the appeal by the revenue and the cross objection by the assessee. The judgment clarified the treatment of deductions u/s 10B, emphasizing the independent calculation of profits for the eligible undertaking. The issue of the validity of reopening the assessment was not adjudicated due to the favorable ruling on the merit issue. Case-Laws Income Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343229