https://www.taxtmi.com/caselaws?id=456657 HC upheld ITAT's decision allowing exemption under section 10BA to the assessee. The department challenged ITAT's ruling, arguing the assessee failed to meet required conditions as evidenced during survey proceedings and purchases through sales tax form No.17. HC rejected the department's contentions, stating they were unsustainable. The court affirmed the tribunal's analogy and followed SC precedent in Arihant Tiles Marbles case, ruling in favor of the assessee against the department. en-us Thu, 02 Mar 2017 00:00:00 +0530 Wed, 07 Aug 2024 20:37:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456657 HC upheld ITAT's decision allowing exemption under section 10BA to the assessee. The department challenged ITAT's ruling, arguing the assessee failed to meet required conditions as evidenced during survey proceedings and purchases through sales tax form No.17. HC rejected the department's contentions, stating they were unsustainable. The court affirmed the tribunal's analogy and followed SC precedent in Arihant Tiles Marbles case, ruling in favor of the assessee against the department. Case-Laws Income Tax Thu, 02 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456657