Join our Law Notes WhatsApp Group and stay updated with Legal and Judicial Updates

Section 10B of Income-Tax Act, 1961

Jump to:navigation, search

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

Related Topics

See Also