https://www.taxtmi.com/caselaws?id=59495 The Tribunal dismissed the Department's appeals against the CIT(A) order for assessment years 1998-99 and 1997-98, affirming that the assessee was entitled to deductions under s. 10B for the Koregaon unit. The Tribunal agreed with CIT(A) that separate books of accounts were not mandatory if the conditions for deduction under s. 10B were satisfied. The decision was supported by legal interpretations and case law, confirming that the assessee met the necessary conditions for the deduction, thus validating CIT(A)'s allowance of the deduction despite the Department's objections. en-us Mon, 12 Mar 2007 00:00:00 +0530 Sat, 17 Feb 2024 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59495 The Tribunal dismissed the Department's appeals against the CIT(A) order for assessment years 1998-99 and 1997-98, affirming that the assessee was entitled to deductions under s. 10B for the Koregaon unit. The Tribunal agreed with CIT(A) that separate books of accounts were not mandatory if the conditions for deduction under s. 10B were satisfied. The decision was supported by legal interpretations and case law, confirming that the assessee met the necessary conditions for the deduction, thus validating CIT(A)'s allowance of the deduction despite the Department's objections. Case-Laws Income Tax Mon, 12 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59495