https://www.taxtmi.com/caselaws?id=371871 The Tribunal upheld the deduction under Section 10B of the Income Tax Act for the assessee, ruling that the merger of two firms did not disqualify the assessee from availing the deduction. The Tribunal found that the conditions of Section 10B were not violated, and the deduction was rightfully allowed by the Commissioner of Income Tax (Appeals). The Tribunal also considered the relevance of CBDT Circular No.1/2013 and judicial precedents from Allahabad and Madras High Courts in supporting the assessee's claim, ultimately dismissing the Revenue's appeal. en-us Wed, 10 Oct 2018 00:00:00 +0530 Wed, 22 May 2019 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371871 The Tribunal upheld the deduction under Section 10B of the Income Tax Act for the assessee, ruling that the merger of two firms did not disqualify the assessee from availing the deduction. The Tribunal found that the conditions of Section 10B were not violated, and the deduction was rightfully allowed by the Commissioner of Income Tax (Appeals). The Tribunal also considered the relevance of CBDT Circular No.1/2013 and judicial precedents from Allahabad and Madras High Courts in supporting the assessee's claim, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371871