https://www.taxtmi.com/caselaws?id=373922 The court upheld the eligibility of the respondent-assessee for deduction under Section 10A of the Income Tax Act, accepting the genuineness of the revised computation. It ruled that the disallowance should be categorized under 'profit and gains from business' for exemption under Section 10A, dismissing the Revenue's argument based on Section 80A(5) and the Goetze (India) Ltd. case. The appeal by the Revenue was dismissed, affirming the validity of the revised computation as a genuine correction within assessment proceedings. en-us Thu, 17 Jan 2019 00:00:00 +0530 Tue, 22 Jan 2019 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373922 The court upheld the eligibility of the respondent-assessee for deduction under Section 10A of the Income Tax Act, accepting the genuineness of the revised computation. It ruled that the disallowance should be categorized under 'profit and gains from business' for exemption under Section 10A, dismissing the Revenue's argument based on Section 80A(5) and the Goetze (India) Ltd. case. The appeal by the Revenue was dismissed, affirming the validity of the revised computation as a genuine correction within assessment proceedings. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373922