Not mandatory to maintain separate books of accounts for claiming section 10A deduction

Virtusa Consulting Services Pvt. Ltd. Vs DCIT (Madras High Court) Conclusion: AO did conduct an enquiry, called for details, the details were produced and thereafter, the assessment was completed. Therefore, the finding of the PCIT was erroneous, consequently, assumption of jurisdiction under Section 263 was not sustainable. Also, there was no requirement in law to maintain separate books of account for claiming deduction under section 10A. However, since the deductions under these sections were available only to the eligible units, AO might call for such details or information pertaining to d...