https://www.taxtmi.com/circulars?id=52949 The Circular clarifies that transfer or redeployment of existing technical manpower from an existing unit to a new SEZ unit in the first year of commencement will not be construed as splitting up or reconstruction of an existing business, provided the number of technical manpower so transferred does not exceed twenty percent of the total technical manpower actually engaged in developing software at any point of time in the given year in the new unit. en-us Fri, 18 Jul 2014 00:00:00 +0530 Tue, 29 Jul 2014 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52949 The Circular clarifies that transfer or redeployment of existing technical manpower from an existing unit to a new SEZ unit in the first year of commencement will not be construed as splitting up or reconstruction of an existing business, provided the number of technical manpower so transferred does not exceed twenty percent of the total technical manpower actually engaged in developing software at any point of time in the given year in the new unit. Circulars Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52949