Case Law Details
ACIT Vs. Symantec Software India P. Ltd. (ITAT Pune)- Based on the specific facts of the case, the Tribunal has reiterated that the fulfillment of the conditions of section 10A(2) is of utmost importance for claiming a deduction under section 10A. A reference to the new undertaking as expansion by the STPI would not dis-entitle the assessee from claiming a deduction under section 10A of the Act. This ruling re- emphasizes the need for detailed factual submissions to be made at the earliest opportunity. With regard to the loss set-off, the Tribunal has held that the entire profits of an eligible unit can be claimed as deduction under section 10A without setting off losses pertaining to another undertaking.
INCOME TAX APPELLATE TRIBUNAL, PUNE
Asstt. Commissioner of Income-tax Vs. Symantec Software India P. Ltd.
ITA No. 787/PN/09- (Asst. Year 2004-05)
ITA N0 805/PN/09 -( Asst. Year: 2004-05))
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