Section 10B amendment permits deduction for newly established export undertakings, extending eligibility to the earlier assessment year. The amendment replaces the date in the third proviso to sub-section (1) of section 10B so that the prohibition on deductions is shifted, permitting newly established one hundred per cent export oriented undertakings to claim deductions for the previous year 2010-2011 relevant to the subsequent assessment year; the amendment operates retrospectively from 1st April 2009.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 10B amendment permits deduction for newly established export undertakings, extending eligibility to the earlier assessment year.
The amendment replaces the date in the third proviso to sub-section (1) of section 10B so that the prohibition on deductions is shifted, permitting newly established one hundred per cent export oriented undertakings to claim deductions for the previous year 2010-2011 relevant to the subsequent assessment year; the amendment operates retrospectively from 1st April 2009.
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