https://www.taxtmi.com/caselaws?id=359259 The High Court dismissed the appeals, ruling that the location of the processing plant outside the bonded area did not disqualify the assessee from claiming deduction under Section 10B of the Income Tax Act. The judgment highlighted the independence of customs benefits from income tax deductions and emphasized that processing outside the bonded area did not disentitle the assessee from the deduction claim, as long as the raw material and finished product belonged to the assessee. en-us Fri, 06 Apr 2018 00:00:00 +0530 Fri, 15 Jun 2018 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359259 The High Court dismissed the appeals, ruling that the location of the processing plant outside the bonded area did not disqualify the assessee from claiming deduction under Section 10B of the Income Tax Act. The judgment highlighted the independence of customs benefits from income tax deductions and emphasized that processing outside the bonded area did not disentitle the assessee from the deduction claim, as long as the raw material and finished product belonged to the assessee. Case-Laws Income Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359259