https://www.taxtmi.com/caselaws?id=388264 The Appellate Tribunal allowed the appeal, ruling that importing diamonds for re-export constituted a service eligible for deduction under Section 10AA of the Income Tax Act. The Tribunal held that trading activities fell within the definition of 'services' under the SEZ Act, overriding the Assessing Officer's emphasis on manufacturing. As the assessee met the statutory conditions, the Tribunal directed the allowance of the deduction, citing precedents and statutory interpretation to support its decision. en-us Wed, 30 Oct 2019 00:00:00 +0530 Tue, 12 Nov 2019 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388264 The Appellate Tribunal allowed the appeal, ruling that importing diamonds for re-export constituted a service eligible for deduction under Section 10AA of the Income Tax Act. The Tribunal held that trading activities fell within the definition of 'services' under the SEZ Act, overriding the Assessing Officer's emphasis on manufacturing. As the assessee met the statutory conditions, the Tribunal directed the allowance of the deduction, citing precedents and statutory interpretation to support its decision. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388264