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Specified free trade zones confer 10A tax recognition for export processing zones, effective for assessments from April 1988. Specification of section 10A free trade zones designates named export processing areas as eligible under the Explanation to section 10A of the Income-tax Act, operative for assessment years commencing on or after 1 April 1988; the notification names specific export processing zones and thereby applies the statute's tax-eligibility framework to those territorial entities.
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Provisions expressly mentioned in the judgment/order text.
Specified free trade zones confer 10A tax recognition for export processing zones, effective for assessments from April 1988.
Specification of section 10A free trade zones designates named export processing areas as eligible under the Explanation to section 10A of the Income-tax Act, operative for assessment years commencing on or after 1 April 1988; the notification names specific export processing zones and thereby applies the statute's tax-eligibility framework to those territorial entities.
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