https://www.taxtmi.com/caselaws?id=212656 Section 10B's amended ten-year tax holiday applies to eligible existing export-oriented undertakings for the unexpired period where the original period had not expired before the amendment. For each assessment year, eligibility is determined under the law then in force. Export incentives forming part of an eligible undertaking's business profits are included in the Section 10B deduction computation through the export-turnover-to-total-turnover formula in Section 10B(4); a separate direct nexus test is not required. The formula-based computation is distinguished from provisions that restrict deductions to income directly derived from the eligible business. en-us Wed, 28 Mar 2012 00:00:00 +0530 Mon, 09 Feb 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212656 Section 10B's amended ten-year tax holiday applies to eligible existing export-oriented undertakings for the unexpired period where the original period had not expired before the amendment. For each assessment year, eligibility is determined under the law then in force. Export incentives forming part of an eligible undertaking's business profits are included in the Section 10B deduction computation through the export-turnover-to-total-turnover formula in Section 10B(4); a separate direct nexus test is not required. The formula-based computation is distinguished from provisions that restrict deductions to income directly derived from the eligible business. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212656