with the earlier Sec.10A, as
that section was excluded for application from AY 2006-07 for the reason that
Sec.10AA was made ... with the earlier Sec.10A, as that section was excluded for application from
AY 2006-07 for the reason that Sec.10AA was made
incurred substantial labour expenses, it could
not be denied exemption under section 10AA on ground that it
was not undertaking manufacturing ... been held that it could not be denied exemption under section
10AA on ground that it was not a manufacturing concern.
ii. In the case
newly inserted sub-section (4)
in section 80A provides that notwithstanding anything to the contrary
contained in Sec 10A or sec 10AA or sec ... Notwithstanding anything to the contrary contained in Sec 10A or
sec 10AA or sec 10B or Sec 10BA or in any provisions of Chapter under
Section 80A (4) of the Act,
which reads as under:
"4) Notwithstanding anything to the contrary contained in section
10A or section 10AA ... opening words of Section
80A (4) read "Notwithstanding anything to the contrary contained in section
10A or section 10AA or section 10B or section
which is applicable for the purpose of only section 10AA of the IT Act
which imposes various conditions for the utilization of profits?
ii. Whether ... which is applicable for the purpose of only section 10AA of the
IT Act which imposes various conditions for the utilization of profits?
D. Whether
units in the SEZ u/s. 10A of
the Act and units in the free trade zone provided u/s. 10AA ... manufacture' as per Section 2(r) of the SEZ Act, 2005 is incorporated in
Section 10AA of the Income-tax act with effect from
units in the SEZ u/s. 10A of the Act and units in the
free trade zone provided u/s. 10AA ... manufacture' as per
Section 2(r) of the SEZ Act, 2005 is incorporated in Section 10AA of the Income-
tax act with effect from
Section 10B of the Act. Such narrowness and
curtailment should not be accepted. Export of goods and things can
take various forms and Section ... term ―manufacture‖ contained in
Section 2(r) of the Special Economic Zones Act, 2005 was
incorporated later under Section 10AA of the Act with effect
that Section
10B is in the nature of deduction. Counsel highlighted that textually, Section
80A (4) of the Act affirms that provisions of Section ... nature of deductions. Section 80A(4) reads as follows:
―(4) Notwithstanding anything to the contrary contained in
section 10A or section 10AA or section
proviso under section 92C(4) of the Act, wherein it has been
clearly laid down that no deduction under section 10A / 10AA / 10B or under ... statutory provisions - section 43B in
the case of the employer's contribution and section 36(v) read with section
