Relief to HSBC Software Development (India) Pvt Ltd: ITAT grants deduction u/s 10B on registration with STPI as 100% EOU [Read Order]

HSBC - ITAT - STPI - EOU - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Pune Bench granted deduction u/s 10B of The Income Tax Act, 1961 on registration with Software Technology Park of India(STPI) as 100% Export Orient Unit (EOU) thereby granting Relief to HSBC Software Development (India) Pvt. Ltd. The assessee company, HSBC Software Development (India) Pvt. Ltdderived profits from unit registered…

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