https://www.taxtmi.com/caselaws?id=408922 The appellate proceedings favored the assessee in a case challenging the partial disallowance of the deduction claimed under section 10B of the Income Tax Act, 1961 for the assessment year 2008-09. The dispute centered on the eligibility of a new unit established by the assessee and the interpretation of deductions for profits earned from the export of granite slabs. The CIT(A) ruled in favor of the assessee, citing precedents and criteria under section 10B, setting aside the objections raised by the revenue authorities. The judgment emphasized the importance of considering manufacturing processes and eligibility criteria in determining tax deductions. en-us Wed, 23 Jun 2021 00:00:00 +0530 Thu, 24 Jun 2021 08:27:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408922 The appellate proceedings favored the assessee in a case challenging the partial disallowance of the deduction claimed under section 10B of the Income Tax Act, 1961 for the assessment year 2008-09. The dispute centered on the eligibility of a new unit established by the assessee and the interpretation of deductions for profits earned from the export of granite slabs. The CIT(A) ruled in favor of the assessee, citing precedents and criteria under section 10B, setting aside the objections raised by the revenue authorities. The judgment emphasized the importance of considering manufacturing processes and eligibility criteria in determining tax deductions. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408922