Special economic zone deduction permitted for new exporting units, limited to the period and computation previously prescribed under prior law. A deduction is allowed for newly established units in Special Economic Zones that begin manufacturing or providing services and would have been eligible for an export-related deduction under the prior provision; the deduction must be computed according to the prior provision's rules and is limited to the tax years for which it would have been allowed under that prior provision.
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.
Special economic zone deduction permitted for new exporting units, limited to the period and computation previously prescribed under prior law.
A deduction is allowed for newly established units in Special Economic Zones that begin manufacturing or providing services and would have been eligible for an export-related deduction under the prior provision; the deduction must be computed according to the prior provision's rules and is limited to the tax years for which it would have been allowed under that prior provision.
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