https://www.taxtmi.com/caselaws?id=421145 The Supreme Court dismissed the Special Leave Petition (SLP) filed, as the High Court of Bombay at Goa affirmed the Income Tax Appellate Tribunal's decision that the respondent's unit qualified as a new industrial undertaking under Section 10B of the Income Tax Act 1961. The Tribunal's findings were upheld, emphasizing the unit's independence, compliance with criteria, and distinctiveness from the old unit, aligning with established legal tests. The Court's consistent dismissal of related SLPs ensured adherence to precedents in assessing eligibility for tax benefits. en-us Tue, 25 Jan 2022 00:00:00 +0530 Sat, 30 Apr 2022 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421145 The Supreme Court dismissed the Special Leave Petition (SLP) filed, as the High Court of Bombay at Goa affirmed the Income Tax Appellate Tribunal's decision that the respondent's unit qualified as a new industrial undertaking under Section 10B of the Income Tax Act 1961. The Tribunal's findings were upheld, emphasizing the unit's independence, compliance with criteria, and distinctiveness from the old unit, aligning with established legal tests. The Court's consistent dismissal of related SLPs ensured adherence to precedents in assessing eligibility for tax benefits. Case-Laws Income Tax Tue, 25 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421145