Deduction U/s. 10B can be claimed on export of customized electronic data or legal database

Asst. CIT Vs. M/s. Majmudar & Co. (ITAT Mumbai)

Expression “Computer Software” is wide enough to embrace diverse activities and to eliminate any doubt the reference can be made to “Customized Electronic Data” as mentioned in Second Explanation to Section 10B (2) of the Act. Further, CBDT issued notification and the notification relied on in the present case uses the expressions “(iii) content development or animation (iv) data processing …. (vii) human resources services” and (ix)

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