{"id":24013,"date":"2022-01-14T05:35:16","date_gmt":"2022-01-14T00:05:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/saintgobaincrystals-detectors-i-ltd-v-dy-cit-2021-198-dtr-40-319-ctr-20-123-taxmann-com-206-karn-hc\/"},"modified":"2022-01-14T05:35:16","modified_gmt":"2022-01-14T00:05:16","slug":"saintgobaincrystals-detectors-i-ltd-v-dy-cit-2021-198-dtr-40-319-ctr-20-123-taxmann-com-206-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/saintgobaincrystals-detectors-i-ltd-v-dy-cit-2021-198-dtr-40-319-ctr-20-123-taxmann-com-206-karn-hc\/","title":{"rendered":"SaintGobainCrystals &#038; Detectors (I) Ltd v . Dy .CIT ( 2021 )198 DTR 40\/ 319 CTR 20 \/ 123 taxmann.com 206 ( Karn ) (HC)"},"content":{"rendered":"<p>Assessee started manufacture in assessment year 1997-98 . \u00a0After amendment under section 10B with effect from 1-4-1999, period of tax holiday was extended from 5 years to 10 years . Assessee \u00a0started claiming deduction for first time under section 10B from assessment year 1999-2000 . Assessing Officer held that tax holidays was no more available as assessee started manufacturing articles in assessment year 1997-98 . Tribunal up held the view of the Assessing Officer. On appeal the High court held that during the assessment year\u00a0 \u00a02008-09 the \u00a0assessee was still entitled to deduction under section 10B for reason that for purpose of amended section 10B period of ten consecutive years would begin when assessee actually started claiming relief, i.e., from assessment year 1999-2000, and not from assessment year 1997-98 when manufacture was commenced . ( AY. 2008 -09 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10B: Export oriented undertakings &#8211;  Period of tax holidays -Entitle to deduction for  ten consecutive years from assessment year in which relief was first claimed and  not when manufacture was commenced. [ S.10B(7) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-24013","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6fj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=24013"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24013\/revisions"}],"predecessor-version":[{"id":24014,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/24013\/revisions\/24014"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=24013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=24013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=24013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}