https://www.taxtmi.com/caselaws?id=30800 The High Court upheld the Tribunal's decision in a tax case, dismissing the Revenue's appeal. The Court affirmed that the assessee was entitled to exemption under section 10B despite not claiming it in the return of income. It also upheld the benefit of deduction under section 10B for converting a unit into an export-oriented unit. Additionally, the Court supported the Tribunal's allowance of a bad debt that was not part of the total income in a previous year, considering the pending status of a related case before the jurisdictional High Court. en-us Thu, 07 Feb 2008 00:00:00 +0530 Wed, 24 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30800 The High Court upheld the Tribunal's decision in a tax case, dismissing the Revenue's appeal. The Court affirmed that the assessee was entitled to exemption under section 10B despite not claiming it in the return of income. It also upheld the benefit of deduction under section 10B for converting a unit into an export-oriented unit. Additionally, the Court supported the Tribunal's allowance of a bad debt that was not part of the total income in a previous year, considering the pending status of a related case before the jurisdictional High Court. Case-Laws Income Tax Thu, 07 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30800