https://www.taxtmi.com/caselaws?id=290318 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 10A of the Income Tax Act for the assessment year 2010-11. It was determined that the assessee met the conditions of forming a new undertaking distinct from the previous business, utilizing new equipment and human resources. The Tribunal emphasized the consistency in allowing deductions in previous years and cited legal precedents to support its ruling. As a result, the appeal by the Revenue challenging the allowance of the deduction was dismissed. en-us Fri, 28 Nov 2014 00:00:00 +0530 Sat, 19 Sep 2020 16:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290318 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 10A of the Income Tax Act for the assessment year 2010-11. It was determined that the assessee met the conditions of forming a new undertaking distinct from the previous business, utilizing new equipment and human resources. The Tribunal emphasized the consistency in allowing deductions in previous years and cited legal precedents to support its ruling. As a result, the appeal by the Revenue challenging the allowance of the deduction was dismissed. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290318