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Section 10A: SC explains Exemption Vs. Deduction & Stage of Deduction / Exemption
Case Law Details
- Case Name
- C.I.T. & ANR. Vs M/S Yokogawa India Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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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
9. The amendment of Section 10A of the Act, by the Finance Act, 2000 with effect from 1.4.2001, specifically uses the words ‘deduction of profits and gains derived by an eligible unit from the total income of the assessee’. There are other provis...
