https://www.taxtmi.com/caselaws?id=403415 The court upheld the invocation of Section 263 of the IT Act, finding that the Assessing Officer's actions allowing tax holiday under Section 10A were erroneous and prejudicial to the revenue's interest. It concluded that the denial of benefits under Section 10A for AY 2008-09 was justified, emphasizing the expiration of the 10-year period for claiming the benefit. The court also rejected the assessee's claim to treat each unit as a separate undertaking for Section 10A purposes and denied the benefit for income from staffing activities. Ultimately, the court ruled against the assessee and in favor of the revenue, dismissing the appeal. en-us Thu, 07 Jan 2021 00:00:00 +0530 Thu, 28 Jan 2021 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403415 The court upheld the invocation of Section 263 of the IT Act, finding that the Assessing Officer's actions allowing tax holiday under Section 10A were erroneous and prejudicial to the revenue's interest. It concluded that the denial of benefits under Section 10A for AY 2008-09 was justified, emphasizing the expiration of the 10-year period for claiming the benefit. The court also rejected the assessee's claim to treat each unit as a separate undertaking for Section 10A purposes and denied the benefit for income from staffing activities. Ultimately, the court ruled against the assessee and in favor of the revenue, dismissing the appeal. Case-Laws Income Tax Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403415