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Section 10B of Income-Tax Act, 1961

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Section 10B of Income-Tax Act, 1961 deals with 'Special provisions in respect of newly established hundred per cent export-oriented undertakings'.

Recent Cases / Related Cases / Case Laws

  • CIT and Another v M S Yokogawa India Ltd, Civil Appeal Jurisdiction, Civil Appeal No 8498 OF 2013, Supreme Court of India judgment dated December 16, 2016
  • January 2012: An assessee who has availed tax benefit of 5 years prior to coming into force of amended provision of section 10B, with effect from 1-4-1999, is entitled to benefit of tax exemption for 10 years if exemption is sought for unexpired period of 10 consecutive assessment years - [2012] 17 LNIN 143 (Karnataka)
  • December 2011: [2011] 16 LNIN 366 (Delhi): Conversion of standard gold into ornaments or jewellery undertaken by assessee amounts to manufacture/production and qualifies for deduction under section 10A/10B.
  • [2011] 16 LNIN 33 Chennai - Tribunal: Gains on conversion of funds from EEFC account into Indian rupee account does not arise on account of export activity and are ineligible for deduction under section 10B

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