appeal,
Held "that the provisions of Section 10A and Section 10AA later introduced serve the
very same purpose of granting exemption on the profits ... free trade zones, will continue to enjoy tax exemption under
section 10A and section 10AA respectively. The still worse position is that the
appellant would
income after claiming deduction of Rs.2,06,33,299/-
under section 10AA Of the Act and set-off of brought forward loses ... deduction under section 10A of the Act,
whereas in the instant case, the assessee had claimed deduction under section
10AA of the Act before setting
claimed by the Appellant under section 10AA of
the Act, without appreciating the facts of the appellant case and
the relevant provisions ... erred in disallowing the deduction claimed by
the Appellant under section 10AA of the Act, on a factually
incorrect assumption that the services were provided
with
section 801A( 10) in the Appellant's case
3. erred in invoking the provisions of section 10A(7) and section 10AA(9)
read ... claimed the
following deductions from its total income:
AY Section 10A Deduction Section 10AA Page Reference
Deduction
other hand, ld. DR has submitted that as per sub- section
7 of section 10AA the provisions of sub- section 10A(5) are applicable ... provisions of sub-
sections 5 and 6 of section 10A are applicable for the purpose of section
10AA(1) of the Act. We find that
framed u/s
143(3) of the Act at a total income of ₹60,90,498/- after disallowing the
deduction u/s. 10AA ... eligible.
It is because as per the provision of Section 10AA of the Act the assessee
should be engaged in the manufacturing / producing articles
assessee for deduction of Rs.56,25,38,852/- under section 10AA
of the Income tax Act on the ground that activities of the
assessee ... appeal relates
to the claim of assessee's deduction under Section 10AA of the Income Tax
Act. Both the parties agreed that this issue
Section 39 in Finance (No. 2) Act, 2014
39. Amendment of section 115JC.
- In section 115JC of the Income-tax Act, in sub-section ... clause (ii), for the words, figures and letters "under section 10AA", the words, figures and letters "under section 10AA; and" shall be substituted; (c) after
Section 6 in Finance (No. 2) Act, 2014
6. Amendment of section 10AA.
- In section 10AA of the Income-tax Act, after sub-section
defined in Section 2(j) of the Special Economic Zones Act, 2005. The
Petitioner has been allowed deduction under Section 10AA of the Income ... eligible unit') is eligible to claim
deduction under Section 10AA. Following the decision of the Supreme
Court of India in CIT v. Yokogawa India
