claim in his
return of income for any deduction under Section 10A or
Section 10AA or Section 10B or Section 10BA or under any
provision ... claim in his
return of income for any deduction under Section 10A or Section 10AA or Section
10B or Section 10BA or under any provision
assessee's
main contention is that claim of exemption under Section 10AA of the
Income Tax Act ("the Act" for short ... assessment. To reopen such assessment, the Assessing
Officer issued a notice under Section 148 of the Act. The Tribunal by
the impugned judgment held that
concurrently with the
insertion of Section 10AA, also by the Special
Economic Zones Act, 2005 w.e.f. 10.02.2006 and
hence, clause (6) of section ... 10AA units and not to 10B units since due
to the amendment in clauses (f) and (ii) of
Explanation 1 of Section 115JB by Finance
Section 115JB by Finance Act,
2007 w.e.f. 1.4.2008, the assessee will not be liable for
tax u/s 115JB ... concurrently with the insertion of Section 10AA, also by
the Special Economic Zones Act, 2005 w.e.f. 10.02.2006
and hence, clause (6) of Section
Section
115JB by Finance Act, 2007 w.e.f. 1.4.2008, the
assessee will not be liable for tax u/S. 115JB ... concurrently with the insertion of Section 10AA,
also by the Special Economic Zones Act, 2005
w.e.f. 10.02.2006 and hence, clause (6) of Section
Tribunal was justified in allowing the claim of
deduction under Section 10AA made by the assessee in respect of
the profits arising out of trading
