https://www.taxtmi.com/caselaws?id=399327 The High Court ruled in favor of the appellant, holding that they were entitled to the deduction under Section 10B of the Income Tax Act. The Court found that the appellant, as a 100% export-oriented unit, met the requirements for claiming the deduction, despite the export proceeds being received by a third party. The Court emphasized the permissibility of exporting goods through other units under specified conditions and concluded that the appellant's exports fulfilled the criteria of Section 10B, overturning previous decisions that denied the deduction. en-us Wed, 23 Sep 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399327 The High Court ruled in favor of the appellant, holding that they were entitled to the deduction under Section 10B of the Income Tax Act. The Court found that the appellant, as a 100% export-oriented unit, met the requirements for claiming the deduction, despite the export proceeds being received by a third party. The Court emphasized the permissibility of exporting goods through other units under specified conditions and concluded that the appellant's exports fulfilled the criteria of Section 10B, overturning previous decisions that denied the deduction. Case-Laws Income Tax Wed, 23 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399327