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Conversion of DTA unit to STPI unit – eligible for deduction under Section 10A
Case Law Details
- Case Name
- Income Tax Officer Vs. M/s Iqura Technologies Pvt Ltd (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Courts
- All ITAT, ITAT Bangalore
The agitation by the revenue is that the assessee company was not entitled to deduction under section 10A as the CIT (A) failed to appreciate the fact that the assessee had commenced manufacture, production of software prior to its registration as STPI and the STPI authorities had granted approval on 18.3.2000 for setting up a new undertaking and not for the existing unit and therefore the company was not entitled to benefit of the deduction under section 10A of the Income Tax Act, 1961.
The fact that in the assessee’s case, a survey was conducted. The materials found in the course of su...
