https://www.taxtmi.com/caselaws?id=398495 An SEZ unit engaged in importing fuel oil, blending it in hired tanks, and re-exporting bunker fuel was treated as carrying on "manufacture" within the wider definition in the SEZ Act, and the SEZ framework was applied to support entitlement under section 10AA. The commentary also notes that services and trading in the nature of import for re-export can fall within the SEZ scheme, and that the SEZ Act's overriding effect prevents a narrower Income-tax Act definition from defeating that entitlement. Incomes intrinsically linked to the SEZ business, including currency fluctuation and interest, were also regarded as eligible for deduction. en-us Wed, 09 Sep 2020 00:00:00 +0530 Thu, 17 Sep 2020 16:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398495 An SEZ unit engaged in importing fuel oil, blending it in hired tanks, and re-exporting bunker fuel was treated as carrying on "manufacture" within the wider definition in the SEZ Act, and the SEZ framework was applied to support entitlement under section 10AA. The commentary also notes that services and trading in the nature of import for re-export can fall within the SEZ scheme, and that the SEZ Act's overriding effect prevents a narrower Income-tax Act definition from defeating that entitlement. Incomes intrinsically linked to the SEZ business, including currency fluctuation and interest, were also regarded as eligible for deduction. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398495