https://www.taxtmi.com/caselaws?id=56483 The Tribunal dismissed the Revenue's appeals and upheld the CIT(A)'s order granting exemption under s. 10B of the IT Act for the assessment year 1999-2000. The Tribunal found no merit in the Revenue's objections, determining that the assessee effectively addressed issues regarding export sales, trading turnover, and unit formation. The Tribunal emphasized that the AO must ensure the assessee's claims are allowed in accordance with the law, noting that the absence of separate accounts did not disqualify the claim, but the correct quantum of profits eligible for deduction must be determined. en-us Wed, 23 Nov 2005 00:00:00 +0530 Tue, 09 Apr 2024 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56483 The Tribunal dismissed the Revenue's appeals and upheld the CIT(A)'s order granting exemption under s. 10B of the IT Act for the assessment year 1999-2000. The Tribunal found no merit in the Revenue's objections, determining that the assessee effectively addressed issues regarding export sales, trading turnover, and unit formation. The Tribunal emphasized that the AO must ensure the assessee's claims are allowed in accordance with the law, noting that the absence of separate accounts did not disqualify the claim, but the correct quantum of profits eligible for deduction must be determined. Case-Laws Income Tax Wed, 23 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56483