ITAT Grants Infrasoft S. 10A Exemption Citing Unit Was Not Converted Export Unit but Newly Established STPI Unit

The ITAT granted M/s. Infrasoft exemption, noting that the unit was a newly established Software Technology Parks of India (STPI) unit, not a converted export unit. The tribunal's decision clarifies the eligibility criteria for tax exemptions under the STPI scheme. The ITAT's ruling emphasizes the distinction between converting an existing unit and establishing a new one, highlighting the importance of accurate documentation and compliance with relevant regulations. This clarifies the tax benefits available to companies setting up new STPI units and promotes investment in the software sector.