https://www.taxtmi.com/caselaws?id=289702 The Court dismissed the Revenue's appeals challenging the entitlement of the assessee to exemption under Section 10A of the Income Tax Act for its STPI unit. The Court upheld the decisions of the lower authorities, emphasizing the separate and distinct nature of the STPI unit engaged in software export and development, with substantial investment and assets specifically acquired for its operations. The Court found no substantial question of law warranting consideration, highlighting the importance of factual findings and compliance with statutory requirements in tax matters to support claims for exemptions. en-us Tue, 04 Jun 2019 00:00:00 +0530 Mon, 17 Aug 2020 07:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289702 The Court dismissed the Revenue's appeals challenging the entitlement of the assessee to exemption under Section 10A of the Income Tax Act for its STPI unit. The Court upheld the decisions of the lower authorities, emphasizing the separate and distinct nature of the STPI unit engaged in software export and development, with substantial investment and assets specifically acquired for its operations. The Court found no substantial question of law warranting consideration, highlighting the importance of factual findings and compliance with statutory requirements in tax matters to support claims for exemptions. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289702