An undertaking can continue to enjoy tax holiday even if the ownership changes

Brief : Where an undertaking existed in the same place, form and substance and did carry on the same business before and after the change in legal character of the form of organization, the taxpayer is eligible for deduction.

Citation : Income Tax Officer, Bangalore Vs. GXS Technology Center (Pvt) Ltd. (ITA No. 616(Bang)/ 2009)

Court : ITAT Bangalore

Facts

· The taxpayer was engaged in the business of d

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