Section 10A: SC explains Exemption Vs. Deduction & Stage of Deduction / Exemption

Though Section 10A, as amended, is a provision for deduction, the stage of deduction would be while computing the gross total income of the eligible undertaking under Chapter IV of the Act and not at the stage of computation of the total income under Chapter VI. All the appeals shall stand disposed of accordingly.

Relevant Extract of the Judgment

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