Allowability of deduction U/s. 10B to company engaged in business of contract research and in providing of laboratory facility to its parent company in USA

CASE LAW DETAILS

The benefit of exemption under section 10B was denied to the assessee on the basis of letter of the Department of Information and Technology which clearly stated that the activities of the assessee were not covered under the category of IT/ITES (Information Technology Enabled Services). The assessee had not made any submission as to how the finding of the Commissioner (Appeals) in rejecting the benefit of exemption to it under section 10B was incorrect. Therefore, the impugned order on that issue was to be upheld.

NF