Case Law Details
Profits of the business of the Undertaking for the purposes of Section 10-A/ 10-B includes the Profits and Gains from export of the articles as well as all other incidental incomes
Section 10-A of the Income Tax Act, 1961 (‘the Act’ for short) deals with special provision in respect of newly established undertakings in free trade zone, etc. and section 10-B of the Act deals with special provisions in respect of newly established hundred per cent export-oriented undertakings.
Recently, in CIT vs. Hewlett Packard Global Soft Ltd. [ITA No.812/2007, decided on 30-10-2017], the following questions had been referred on 10/04/2017 by the Division Bench of Karnataka High Court for answer by Full Bench:
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