However, the A.O. took the view that the provisions of section
10A/10AA of the Act are a special code by themselves. Accordingly ... deduction u/s 10A of the Act does not arise. The Ld A.R
submitted that the position for section 10AA of the Act also
ending of deduction u/s 10A/ 10B of thee Act in
order to taking the benefit of deduction u/s 10AA ... business in terms of clause (ii) of sub section
(4) section 10AA . The conditions laid down in section 10AA (4) has to
be seen
allowing deduction u/s 10B of the Act keeping in view of the provisions of
section 72 of the Act. Section 10AA is running parallel ... explanation 2(iv) to Section
10A of the Act is para materia to explanation 1(i) to Section 10AA of the Act
with respect
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
Appeals) erred in allowing the deduction under section 10AA of the Act ignoring
the facts that the assessee failed in filing Form 56F along with ... section 10B of the Act, whereas in the revised return filed
under section 139(5) of the Act, assessee did not claim
deduction under section
Thus, any disallowance u/s 69C of the Act cannot be considered
for benefit under any other section. Further, section 10AA of the Act
considers ... disallowance made u/s 69C of the Act cannot be considered for benefit under
any other section. Further section 10AA of the Act considers
incurred in foreign currency from export
turnover under Section 10B and Section
10AA of the IT Act when the Appellant is
engaged in software development ... from export turnover
under Section 10B and Section 10AA of the
IT Act when the same represented
payment made for standard facility?
(iii) Whether
Year 2013-14, citing clause (ii) to sub-section (4) to Section 10AA of the
Act.
4. The issue and question raised by the Revenue ... section.
6. Sub-section (4) stipulates the conditions which an undertaking as a
unit must fulfill to get benefit under Section 10AA
assessee also responded to the notices. The assessee
claimed exemption u/s 10AA being profit of SEZ units. The total
income also comprises income ... increasing the profits of
undertakings, which are eligible for deduction u/s 10AA of the
Act and hence enhanced amount of deduction should be given
Appellant from short-term deposits is not
eligible for deduction under section 10AA of the Income Tax Act, 1961 (`the
Act').
3. The learned ... opening words of Section 80A(4) read "Notwithstanding
anything to the contrary contained in section 10A or section 10AA or section 10B or
section
