https://www.taxtmi.com/caselaws?id=365513 The High Court of Kerala ruled in favor of the assessee on all issues presented in the case. The Court held that any assessee processing sea food could claim deduction under Section 10A of the Income Tax Act for the unexpired period as per the un-amended provision. Additionally, the processing of prawns under IQF was considered eligible for benefits under Section 10A. Contributions to the Fishermen's Welfare Fund, though declared unconstitutional, were deemed valid for the welfare of fishermen. The Court rejected the appeals filed by the Revenue, affirming the assessee's position on all counts. en-us Tue, 07 Aug 2018 00:00:00 +0530 Sat, 18 Aug 2018 12:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365513 The High Court of Kerala ruled in favor of the assessee on all issues presented in the case. The Court held that any assessee processing sea food could claim deduction under Section 10A of the Income Tax Act for the unexpired period as per the un-amended provision. Additionally, the processing of prawns under IQF was considered eligible for benefits under Section 10A. Contributions to the Fishermen's Welfare Fund, though declared unconstitutional, were deemed valid for the welfare of fishermen. The Court rejected the appeals filed by the Revenue, affirming the assessee's position on all counts. Case-Laws Income Tax Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365513