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Sec.10B relief not available if P&M was taken on lease from 100% export oriented sister concern: HC

September 9, 2019[2019] 107 442 (Kerala)/[2019] 412 ITR 82 (Kerala)

INCOME TAX: Where assessee-company, a hundred percent export-oriented undertaking, for purpose of producing computer software had taken on lease from its sister concern 'STPL' 66.66 per cent of site, plant and machinery used by 'STPL' and further 'STPL' was also a hundred per cent export-oriented undertaking engaged in producing computer software, assessee was not entitled to benefit under section 10B(2)
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