Export oriented undertaking definition clarifies approval requirement for tax exemption eligibility under the relevant provision. The definition establishes that an undertaking qualifies as a hundred per cent export oriented undertaking for income tax purposes only upon formal ... Summary
Export oriented undertaking definition clarifies approval requirement for tax exemption eligibility under the relevant provision.
The definition establishes that an undertaking qualifies as a hundred per cent export oriented undertaking for income tax purposes only upon formal approval by the board constituted by the Central Government under the industries regulation statute, making such approval the determinative eligibility requirement for the referenced tax provision.
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