{"id":58759,"date":"2026-03-05T14:24:13","date_gmt":"2026-03-05T08:54:13","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-watson-pharma-p-ltd-2025-173-taxmann-com-957-346-ctr-82-249-dtr-25-bomhc\/"},"modified":"2026-03-05T14:24:13","modified_gmt":"2026-03-05T08:54:13","slug":"pcit-v-watson-pharma-p-ltd-2025-173-taxmann-com-957-346-ctr-82-249-dtr-25-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-watson-pharma-p-ltd-2025-173-taxmann-com-957-346-ctr-82-249-dtr-25-bomhc\/","title":{"rendered":"PCIT v. Watson Pharma (P) Ltd. (2025) 173 taxmann.com 957\/346 CTR 82 \/ 249 DTR 25 (Bom)(HC)"},"content":{"rendered":"<p>Assessee claimed deduction under section 10B on &#8216;Site Transfer Income&#8217; with respect to two units. Assessing Officer denied deduction on ground that same did not represent income derived from business of eligible unit. Tribunal allowed claim\u00a0 On appeal the Court held that\u00a0 since Tribunal had not given any reasons as to how &#8216;Site Transfer Income&#8217; constituted income derived from business of undertaking, matter was \u00a0remanded back to Tribunal for deciding ground of deduction under section 10B qua &#8216;Site Transfer Income&#8217;\u00a0 (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10B : Export oriented undertakings-Site transfer income-Derived from-Appellate Tribunal-Duties-Tribunal had not given any reasons as to how &#8216;Site Transfer Income&#8217; constituted income derived from business of undertaking, matter was  remanded back to Tribunal for deciding ground of deduction under section 10B qua &#8216;Site Transfer Income&#8217;. [S. 254(1)]<\/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-58759","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fhJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58759","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=58759"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58759\/revisions"}],"predecessor-version":[{"id":58760,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/58759\/revisions\/58760"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=58759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=58759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}