profit from the eligible
business. This would attract section 80IA(10) read
with section 10AA(9) of the Act.
9. With this background, we have ... could have questioned the assessee within the purview
of section 80IA(10) read with section
10AA(9) of the Act. This would be relevant since
Zone and the entire
export income is exempt from tax under section 10AA of
the Income Tax Act 1961 ('the Act' for short ... after claiming exemption of Rs.3.87 Crores
(rounded off) under Section 10AA of the Act. The
return of the assessee was taken in scrutiny
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
course of hearing the ld.AR drawn out
attention to section 10AA in IT Act granting
tax benefits to SEZ (Special Economic Zone)
units
return has been made under section 139 , or in
response to a notice under sub-section (1) of section 142 , such
return shall be processed ... total income
in the return;
(v) disallowance of deduction claimed under sections 10AA,
80-IA, 80-IAB, 80-IB, 80-IC, 80-ID or section
clause (b)
of sub section (2) of section 40A ;
(ii) any transaction referred to in section 80A ;
Page 10 of 19
HC-NIC Page ... section (10) of section 80-
IA;
(v) any transaction, referred to in any other section under
Chapter VI-A or section 10AA, to which provisions
course of hearing the
ld.AR drawn out attention to section 10AA
in IT Act granting tax benefits to SEZ
(Special Economic Zone) units
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
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
Tribunal, Ahmedabad dated 20th July 2012, this
Tax Appeal is preferred under Section 260-A of the Income-tax Act,
1961 [ Act for short], proposing ... rightly and aptly concluded that the assessee s claim under
Section 10AA was allowable. No question of law arises much less
substantial question
