https://www.taxtmi.com/caselaws?id=265359 The HC held that sales of computer software by an STP unit to another STP unit qualify as deemed exports under Section 10A, provided the goods are ultimately exported outside India and foreign exchange is earned. The court overruled the ITAT's denial of benefits, clarifying that the export need not be directly effected by the assessee; exports through other STP units or recognized exporters satisfy the conditions for exemption. Consequently, the assessee was entitled to the deduction of profits and gains derived from such exports under Section 10A. The decision favored the assessee, affirming entitlement to income tax exemption despite intra-STP sales. en-us Mon, 20 Oct 2014 00:00:00 +0530 Mon, 28 Jul 2025 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265359 The HC held that sales of computer software by an STP unit to another STP unit qualify as deemed exports under Section 10A, provided the goods are ultimately exported outside India and foreign exchange is earned. The court overruled the ITAT's denial of benefits, clarifying that the export need not be directly effected by the assessee; exports through other STP units or recognized exporters satisfy the conditions for exemption. Consequently, the assessee was entitled to the deduction of profits and gains derived from such exports under Section 10A. The decision favored the assessee, affirming entitlement to income tax exemption despite intra-STP sales. Case-Laws Income Tax Mon, 20 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265359