9911796707
TMI Blog2011 (5) TMI 1122X X X X Extracts X X X X X X X X Extracts X X X X ..... inst the order passed by the ld. CIT(A)-XII, Chennai dated 29.11.2010 for Assessment Year 2004-05. 2. The sole issue involved in this appeal is that the Commissioner of Income-tax [Appeals] erred in allowing deduction u/s 10B of the Income-tax Act, 1961 [in short, the Act] relying on the decision of the Tribunal in the case of M/s Cauvery Enterprises Vs. ACIT in ITA No. 129/Mds/2007 dated 20.3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ngaged in the manufacture of any article or thing within the meaning of the said section and that the Assessing Officer also did not treat the sale of the assessee to another 100% Export Oriented Unit as export for the reason that assessee had not received the sale proceeds in convertible foreign exchange. 6. In appeal, the Commissioner of Income-tax [Appeals], following the decision of this Tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appellant eligible for claim of deduction u/s 10B on this sales also. He also held that the proceeds of sale to 100% Export Oriented Unit was received by the assessee in convertible foreign exchange, and therefore, directed the Assessing Officer to consider the sale of granite monuments made to another 100% Export Oriented Unit at par with exports made abroad while allowing exemption u/s 10B of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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