https://www.taxtmi.com/caselaws?id=757323 The Madras HC ruled in favor of the appellant regarding deduction under Section 10B. The court relied on precedent from Commissioner of Income Tax, Chennai Vs. SRA Systems Limited where the tribunal's order allowing Section 10A deduction was upheld, finding the Assessing Officer's disallowance incorrect. The HC noted that similar facts were previously decided favorably for the same appellant by ITAT Chennai B Bench for assessment year 2007-08, leading to the appeal being allowed in appellant's favor. en-us Tue, 06 Aug 2024 00:00:00 +0530 Thu, 22 Aug 2024 09:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757323 The Madras HC ruled in favor of the appellant regarding deduction under Section 10B. The court relied on precedent from Commissioner of Income Tax, Chennai Vs. SRA Systems Limited where the tribunal's order allowing Section 10A deduction was upheld, finding the Assessing Officer's disallowance incorrect. The HC noted that similar facts were previously decided favorably for the same appellant by ITAT Chennai B Bench for assessment year 2007-08, leading to the appeal being allowed in appellant's favor. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757323