https://www.taxtmi.com/caselaws?id=343094 An existing domestic unit later approved as an STPI/export-oriented unit can qualify for deduction under section 10A if export activity begins after approval and the statutory conditions are otherwise satisfied. The analysis treated CBDT Circular No. 1/2005, though issued in the context of section 10B, as applicable to section 10A because both provisions are pari materia. On the facts, the undertaking's turnover arose from export business after STPI approval, and the objection based on alleged splitting up, reconstruction, or transfer of old machinery was rejected. The deduction was therefore allowed and the disallowance deleted. en-us Fri, 12 May 2017 00:00:00 +0530 Fri, 19 May 2017 07:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343094 An existing domestic unit later approved as an STPI/export-oriented unit can qualify for deduction under section 10A if export activity begins after approval and the statutory conditions are otherwise satisfied. The analysis treated CBDT Circular No. 1/2005, though issued in the context of section 10B, as applicable to section 10A because both provisions are pari materia. On the facts, the undertaking's turnover arose from export business after STPI approval, and the objection based on alleged splitting up, reconstruction, or transfer of old machinery was rejected. The deduction was therefore allowed and the disallowance deleted. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343094