https://www.taxtmi.com/caselaws?id=375840 Trading and re-export activity in a SEZ unit was treated as falling within the protective scope of the SEZ regime, and the Tribunal accepted that the SEZ Act overrides inconsistent Income-tax Act provisions; deduction under section 10AA on trading profits was therefore upheld. Interest from fixed deposits kept as margin money was not finally decided on the existing record because the factual position on business necessity versus surplus-fund deployment was unclear; the matter was sent back for fresh examination to determine the business nexus before section 10AA treatment can be applied. en-us Wed, 20 Feb 2019 00:00:00 +0530 Tue, 26 Feb 2019 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375840 Trading and re-export activity in a SEZ unit was treated as falling within the protective scope of the SEZ regime, and the Tribunal accepted that the SEZ Act overrides inconsistent Income-tax Act provisions; deduction under section 10AA on trading profits was therefore upheld. Interest from fixed deposits kept as margin money was not finally decided on the existing record because the factual position on business necessity versus surplus-fund deployment was unclear; the matter was sent back for fresh examination to determine the business nexus before section 10AA treatment can be applied. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375840