Stitching charges from Local sales, not eligible for exemption u/s. 10B

HIGH COURT OF MADRAS Commissioner of Income-tax, Madurai versus First Garments Mfg. Co. India (P.) Ltd. TC (A) NO. 1751 OF 2006 AUGUST 6, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. The Revenue has filed the above appeal as against the order of the Income Tax Appellate Tribunal for the assessment year 2000-01. The above appeal was admitted on the following substantial questions of law:- “(i) Whether in the facts and circumstances of the case, the Tribunal was right in holding that the assessee is eligible for the benefit of Section 10B in respect of contract receipts of s...