Activities of Import of Goods for Re-Export Falls Within Meaning of “Services” under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]

By Ipsita Das - On July 12, 2023 7:00 am - 2 mins read
Activities - Import - Goods - Re - Export - Falls - Meaning - Services - SEZ - Act - ITAT - Income - Tax - Deduction - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that the activities carried out by the assessee falls within the ambit of “services”, the expression used in Section 10AA of the Income Tax Act,1961 and the profits and gains derived from such services rendered from SEZ (Special Economic Zone ) would be eligible…

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