IFSC unit transition relief: units that claimed the IFSC deduction may apply within three months after the deduction ends. The amendment permits a Unit of an International Financial Services Centre that has availed of the IFSC deduction to make an application within three months from the date on which such deduction ceases, and adds an Explanation defining International Financial Services Centre by reference to the Special Economic Zones Act, 2005.
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Provisions expressly mentioned in the judgment/order text.
IFSC unit transition relief: units that claimed the IFSC deduction may apply within three months after the deduction ends.
The amendment permits a Unit of an International Financial Services Centre that has availed of the IFSC deduction to make an application within three months from the date on which such deduction ceases, and adds an Explanation defining International Financial Services Centre by reference to the Special Economic Zones Act, 2005.
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