https://www.taxtmi.com/caselaws?id=212656 The note addresses eligibility for extended ten year exemption under the tax provision for export units and treatment of export incentives as eligible profits. It explains that an "undertaking" means a separate, independent production unit with distinct infrastructure, plant and machinery, substantial capital investment, identifiable output and determinable attributable profits; where new spinning units meet those criteria they qualify for the extended ten year deduction from their respective start years, outcome favourable to the assessee. It further states that export incentives treated as business income must be included in eligible profits for computing the deduction, outcome favourable to the assessee. 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 The note addresses eligibility for extended ten year exemption under the tax provision for export units and treatment of export incentives as eligible profits. It explains that an "undertaking" means a separate, independent production unit with distinct infrastructure, plant and machinery, substantial capital investment, identifiable output and determinable attributable profits; where new spinning units meet those criteria they qualify for the extended ten year deduction from their respective start years, outcome favourable to the assessee. It further states that export incentives treated as business income must be included in eligible profits for computing the deduction, outcome favourable to the assessee. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212656