Profit of Business Undertaking in Proportion of Export Turnover to Total Turnover would be Eligible for Deduction u/s 10 A of Income Tax Act: ITAT [Read Order]
The provisions of Section 10A(4) are very clear to state that the entire āprofits of the business of the undertakingā in proportion of export turnover to total turnover would be eligible for deduction under Section 10A of the Income Tax Act, 1961
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the profit of business undertaking in proportion of export turnover to total turnover would be eligible for deduction under Section 10A of the Income Tax Act, 1961. The Assessing Officer held that the income was not eligible for claiming benefit of…
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