Tribunal held that that exemption under section 10B of the Act had to be independently computed in relation to the profits of the eligible unit without adjusting the profits against the unabsorbed depreciation relating to the other unit. There is no requirement of maintaining a separate books of account.( AY.2007-08, 2008-09)
ACIT v. Niit Technologies Ltd. (2020)79 ITR 60 ( Delhi) (Trib)
S. 10B: Export oriented undertakings – Books of account – No requirement to maintain separate books of account- Exemption allowable at source and not after computation of gross total income