2011 (11) TMI 427

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....s appeal is as under:- "Whether the assessee who has availed the tax benefit of 5 years prior to coming into force of amended provision 10-B, is he entitled to the benefit of tax exemption for 10 years if the exemption is sought for unexpired period of 10 consecutive assessment years?" 2. The said question was considered by this Court in the case of the CIT v. DSL Software Ltd. in IT Appeal ....

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....e block of initial eight years, subject to fulfilment of certain conditions. The proposed amendment seeks to extend the period of tax holiday from five years to ten years in order to give added thrust to exports. Clause-4 seeks to similarly extend the five year tax holiday period to ten years to the export oriented units under section 10B of the Income Tax Act." 8. From the aforesaid object beh....

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....cutive years from the date of commencement of manufacture or production. Before an assessee can claim the benefit of tax holiday, the said law governing the tax holiday should be in force on the first day of the relevant year. Then only he would be entitled to the said benefit. On 01.04.1999 when the amended provision came into force by virtue of said provision the assessee would be entitled to th....