Section 10AA of Income Tax Act not prescribed any time limit for export realization

Uni Design Jewellery Pvt. Ltd. Vs DCIT (ITAT Mumbai) ITAT Mumbai held that Section 10AA does not prescribe any time limit for realization of export proceeds. Hence, the benefit of Section 10AA of the Income Tax Act cannot be denied merely because the export proceeds were realized after the expiry of 6 months from the end of relevant previous year in which export sales were made. Facts- The Appellant filed its original ROI for the A.Y. 2017–18 on 30/11/2017 declaring total income of INR 3,72,49,950/- after claiming deduction of INR 2,28,69,351/- under Section 10A of the Act. The case of the A...