Tax holiday eligibility under section 10B clarified: converted DTA units get deduction from approval year, subject to conditions. A DTA unit that later obtains approval as a 100% EOU qualifies for the tax holiday under section 10B only from the assessment year of approval and only for the remaining portion of the ten consecutive assessment years measured from the year it began manufacturing as a DTA unit; in the approval year deduction is restricted to export profits attributable from the approval date, and disqualifications apply where the unit results from splitting/reconstruction or significant transfer of old plant and machinery, with no deduction allowable beyond the statutory terminal assessment year.
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Tax holiday eligibility under section 10B clarified: converted DTA units get deduction from approval year, subject to conditions.
A DTA unit that later obtains approval as a 100% EOU qualifies for the tax holiday under section 10B only from the assessment year of approval and only for the remaining portion of the ten consecutive assessment years measured from the year it began manufacturing as a DTA unit; in the approval year deduction is restricted to export profits attributable from the approval date, and disqualifications apply where the unit results from splitting/reconstruction or significant transfer of old plant and machinery, with no deduction allowable beyond the statutory terminal assessment year.
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