Export incentives deductible u/s 80IB(11A)

Nekkanti Sea Foods Limited Vs PCIT (ITAT Visakhapatnam)

That the export entitlements (MEIS) and the duty drawback of promotion scheme is an income asssessable under the head “profits or gains from business or profession” accordingly, eligible for deduction u/s 80IB(11A).

Facts- The assessee is engaged in the business of export of frozen shrimp and other sea foods. The assesses filed its ROI for the AY 2017-18 declaring a total income of Rs. 52,30,54,010/-. After proces

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