https://www.taxtmi.com/caselaws?id=265734 Section 10B(4) computes deductible profits of a 100% export-oriented undertaking through its prescribed formula. Once export incentives, including duty drawback and DEPB benefits treated as business income, form part of the undertaking's business income, they cannot be excluded from eligible profits. The deduction applies to the export profits quantified under that formula. Unlike Section 80HHC, Section 10B contains no specific exclusion for such income; Section 10B(4) therefore operates as the comprehensive mechanism for computing eligible export profits. en-us Thu, 13 Nov 2014 00:00:00 +0530 Mon, 09 Feb 2026 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265734 Section 10B(4) computes deductible profits of a 100% export-oriented undertaking through its prescribed formula. Once export incentives, including duty drawback and DEPB benefits treated as business income, form part of the undertaking's business income, they cannot be excluded from eligible profits. The deduction applies to the export profits quantified under that formula. Unlike Section 80HHC, Section 10B contains no specific exclusion for such income; Section 10B(4) therefore operates as the comprehensive mechanism for computing eligible export profits. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265734