ITAT allows section 10A Deduction as Assessee Successfully Demonstrates Establishment of New Unit

DCIT Vs Infrasoft Technologies Ltd. (ITAT Mumbai)

In a recent decision by the Income Tax Appellate Tribunal (ITAT) Mumbai, the appeal filed by the Revenue against Infrasoft Technologies Ltd. was dismissed. The dispute centered on the eligibility of the assessee for exemption under Section 10A of the Income-tax Act for Assessment Year 2006-07. The Revenue contested the allowance of exemption by the Commissioner of Income Tax (Appeals) [CIT(A)], citing that the new unit set up by Infrasoft Technologies Ltd. did not meet the criteria stipulated under Se

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