I-T department filing appeals ‘mechanically’

CIT vs. DSL D Software Ltd (Karnataka High Court) (i) Income Tax department made liable to pay Cost of Rs.1 lac  for making the assessee to contest the appeals in three forums and wasting court’s time and tax payers’ money. (ii) Deduction u/s 10B available for the extended period up to 10 years- 10 year tax holiday u/s 10B under 1999 amendment available to existing STP units for unexpired period; Benefit cannot be denied even if original 5 years tax holiday period expired per-amendment; Cost imposed on IT department for filing frivolous appeal. Assessee claimed tax holiday benefit u/s 10...