Exemption U/s. 10A / 10B can be claimed on incidental income from export of goods

Advocate Akhilesh Kumar Sah 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 30-1...