could, any one, pls, suggest Whether a manufacturer located in SEZ (area ) can get Income Tax Benefit under 10AA section or Not ?

[Pawan Agrawal]

could, any one, pls, suggest Whether a manufacturer located in SEZ (area ) can get Income Tax Benefit under 10AA section or Not ?

[PAWAN KUMAR]

Dear Sir,

As per my view , benefit is available under section 10AA in form of deduction subject to conditions mentioned in the section itself.

[Pawan Agrawal]

It is okay that 10AA benefit is considered by the Income Tax department subject to fulfillment of 10AA conditions that is mentioned therein.

However, can it possible when sale is as a deemed exporter sale

AI Summary

Section 10AA deduction may apply to SEZ manufacturers, subject to statutory conditions and qualification of deemed exporter sales. Manufacturers in a Special Economic Zone may be eligible for an income tax deduction under the statutory SEZ deduction provision, but the deduction is available only if the taxpayer fulfills the specific eligibility, compliance and procedural conditions stated in that provision. A separate question arises whether sales characterised as deemed exports will qualify; the tax authority's allowance of the deduction in such cases is conditional on satisfaction of the same statutory conditions.