https://www.taxtmi.com/caselaws?id=361442 The ITAT allowed the revenue's appeals for AYs 2008-09 and 2009-10 regarding deduction u/s.10B of the I.T. Act. The AO's rejection of the deduction claim for AY 2008-09 was overturned by the CIT(A) based on SEZ unit approval and CBDT instructions. The ITAT remitted the case to the AO for further examination due to inadequate investigation. For AY 2009-10, the ITAT's decision on the department's challenge was not specified. Both appeals were allowed for statistical purposes, emphasizing the need for a thorough assessment of the business nature for tax deduction eligibility under Section 10B. en-us Mon, 26 Feb 2018 00:00:00 +0530 Thu, 07 Jun 2018 08:38:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361442 The ITAT allowed the revenue's appeals for AYs 2008-09 and 2009-10 regarding deduction u/s.10B of the I.T. Act. The AO's rejection of the deduction claim for AY 2008-09 was overturned by the CIT(A) based on SEZ unit approval and CBDT instructions. The ITAT remitted the case to the AO for further examination due to inadequate investigation. For AY 2009-10, the ITAT's decision on the department's challenge was not specified. Both appeals were allowed for statistical purposes, emphasizing the need for a thorough assessment of the business nature for tax deduction eligibility under Section 10B. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361442