2011 (4) TMI 722

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....spondent/assessee is a limited company engaged in the business of processing outsourcing unit providing back office services to its customers. The assessee qualifies for deduction under section 10A of the Income-tax Act (hereinafter referred to as 'the Act'), as it is a newly established undertaking in free trade zone because of the reason that it is engaged in the export of computer software usin....

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.... 2. Challenging this action on the part of the Assessing Officer, the assessee approached the CIT(A). The CIT(A) allowed the appeal of the assessee. 3. Against the order of the CIT(A), the revenue preferred the appeal before the Income-tax Appellate Tribunal (for brevity 'the Tribunal'). The Tribunal took note of the arguments of the revenue that the income in the form of convertible exchang....