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infotech Enterprises Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2003)85ITD325(Hyd.)

Export Oriented Undertakings (EOUs), which manufacture or produce any article or thing. This provision was introduced by the Finance Act, 1988. 3. Finance Act, 1993 extended the tax holiday under Section 10A to industrial units in approved Electronic Hardware … to provisions of law and facts on record. 2. (a) The CIT(A) erred in holding that benefit of Section 10B cannot be allowed in respect of income from new STP unit set up at Nagarjuna Hills, Punjagutta as

Cit Vs. Kei Industries Ltd.

Court : Delhi

Subject : Direct Taxation

section applies shall not be included in the total income of the assessee."Likewise, Section 10B, inserted by the Finance Act, 1988 read as under: "10B. Special provision in respect of newly established hundred per cent export oriented undertakings.-Subject to

Acit Vs. Mahavir Spinning Mills Limited

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

Reported in : (2008)110ITD211(Chd.)

view of providing further incentive for earning foreign exchange, a new Section 10B had been inserted by the Finance Act, 1988 so as to secure that the income of 100% EQU shall be exempt from tax for a period

Shriram Investments Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1996)59ITD570(Mad.)

respect of tax holiday profits, depreciation is deemed to have been allowed. Section 115J was enacted by the Finance Act, 1987 w.e.f. 1-4-1988 but such a deeming provision is totally absent. In other words, the Legislature has not … every allowance or deduction referred to therein had been allowed. Similar is the vein of sub-section (7) of section 10B, which deals with profits from newly established business undertakings. Section 10(A) was introduced w.e.f. 1-4-1981. Section 10(B) was

Cybertech Systems and Software Ltd. Vs. Dy. Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Service Tax

Reported in : (2005)3SOT121(Mum.)

substituted by the Finance Act, 2000, with effect from 1-4-2001. Prior to its substitution, section 10B, inserted by Finance Act, 1988, with effect from 1-4-1989 relevant for the impugned previous year period, stood as follows: Special provision in respect

Cybertech Systems and Software Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Service Tax

Reported in : (2007)106TTJ(Mum.)257

substituted by the Finance Act, 2000, w.e.f. 1st April, 2001. Prior to its substitution, Section 10B, inserted by Finance Act, 1988, w.e.f. 1st April, 1989 relevant for the impugned previous year period, stood as follows: 10B. Special provision in

Moser Baer India Ltd. Vs. Joint Cit, Spl. Range-4

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2007)108ITD80(Delhi)

the Act, prior to its substitution by the Finance Act, 2000 with effect from 1-4-2001 was inserted by Finance Act, 1988 with eff ect IF rorn 1-4-1989 as a special provision in respect of new established 100 per cent … in these appeals relate to the order confirming the action of the assessing officer in thrusting exemption under Section 10B of the income-tax Act, 1961 (hereinafter referred to as the Act) in respect of Floppy Unit II when

Tech Books Electronics Services Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)100ITD125(Delhi)

is in respect of "newly established hundred per cent export oriented undertakings". Section 10 was inserted by the Finance Act, 1988 with effect from 1-4-1989 and later on it was amended from time to time. According to this provision, … challenge the findings of learned CIT(A) to the effect that the assessee is not entitled for exemption under Section 10B of the Income-tax Act in respect of profits derived from 100 per cent Export Oriented Undertaking ("EOU" in

Ford Business Services Center (P) Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2008)114TTJ(Chennai)881

the income described in Section 10A. Similarly, when Section 10B was introduced for the first time by the Finance Act, 1988 w.e.f. 1st April, 1989, Sub-section (1) thereof provided for a clear exclusion of the income referred to in

Orchid Chemicals and Vs. the Jt. Commissioner of I.T.,

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2005)98TTJ(Chennai)32

This special provision in respect of newly established hundred per cent export oriented undertaking was inserted by the Finance Act, 1988 with effect from 1.4.1989.6.6. Now, we go though the case laws discussed by the authorities below in their … in the business of manufacture and export of Pharmaceuticals. The assessee claimed its business income as exempt under Section 10B of the I.T. Act, 1961. The assessment was completed under Section 143(3) of the Act by the Assessing