https://www.taxtmi.com/caselaws?id=272002 Section 10AA deduction is available to an entrepreneur approved under the Special Economic Zones Act, 2005 for profits derived from exports of articles or things manufactured or produced in an SEZ. Where neither the Income-tax Act nor the SEZ Act defines "pendant" or "medallion", the product description is determined by common parlance and usage. A finished gold medallion may constitute a form of pendant; nomenclature alone does not establish a breach of SEZ approval conditions. Gold purity does not change the article's essential character as a pendant or medallion. Accordingly, export-profit deduction under section 10AA remains available where the unit continues as an approved SEZ entrepreneur. en-us Fri, 19 Feb 2016 00:00:00 +0530 Wed, 24 Feb 2016 07:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272002 Section 10AA deduction is available to an entrepreneur approved under the Special Economic Zones Act, 2005 for profits derived from exports of articles or things manufactured or produced in an SEZ. Where neither the Income-tax Act nor the SEZ Act defines "pendant" or "medallion", the product description is determined by common parlance and usage. A finished gold medallion may constitute a form of pendant; nomenclature alone does not establish a breach of SEZ approval conditions. Gold purity does not change the article's essential character as a pendant or medallion. Accordingly, export-profit deduction under section 10AA remains available where the unit continues as an approved SEZ entrepreneur. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272002