Profit Exempt U/s. 10AA not to be included in calculation of Book Profit U/s. 115JB

Brief of the case:

ITAT held in ITO Vs M/s.Last Peak Data Pvt. Ltd that if the assesse was an existing recognized Software Technology Park (STP) then it would be considered at par at of Special Economic Zone(SEZ) and exemptions available to SEZ would also be available to STP also because the purpose of incorporating the SEZ act of the inflow of foreign exchange was also fulfilled by STP. So for calculating the book profits u/s 115JB, the profits of STP was to be deducted because as per sec 115JB(6) prof

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