Export profit deduction for eligible FTZ/EHTP/STP/SEZ undertakings limited to ten consecutive assessment years, subject to conditions. The substituted section 10A provides a ten year deduction for profits from export of articles, things or computer software by newly established undertakings in designated FTZ/EHTP/STP/SEZ locations, subject to receipt of export proceeds in convertible foreign exchange within prescribed periods, pro rata attribution of export profits to total business profits, furnishing an accountant's certificate with the return, ineligibility for reconstructed or transferred machinery undertakings, cessation on ownership transfer, and specific post holiday treatment of depreciation, allowances, loss carry forwards and other deductions.
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.
Export profit deduction for eligible FTZ/EHTP/STP/SEZ undertakings limited to ten consecutive assessment years, subject to conditions.
The substituted section 10A provides a ten year deduction for profits from export of articles, things or computer software by newly established undertakings in designated FTZ/EHTP/STP/SEZ locations, subject to receipt of export proceeds in convertible foreign exchange within prescribed periods, pro rata attribution of export profits to total business profits, furnishing an accountant's certificate with the return, ineligibility for reconstructed or transferred machinery undertakings, cessation on ownership transfer, and specific post holiday treatment of depreciation, allowances, loss carry forwards and other deductions.
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