https://www.taxtmi.com/caselaws?id=399590 The High Court allowed the appeal, granting the assessee the deduction under Section 10A for the 'deemed export' of Rs. 1,23,66,641/-. The court held that the provisions of the SEZ Act, including the concept of 'deemed export,' should be considered when applying Section 10A. The court distinguished a previous decision that did not consider the SEZ Act's provisions and where the receipt was in Indian currency. The issue of telecommunication expenditure amounting to Rs. 17,09,510/- was remanded back to the CIT(A) for fresh consideration. en-us Mon, 17 Aug 2020 00:00:00 +0530 Wed, 14 Oct 2020 13:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399590 The High Court allowed the appeal, granting the assessee the deduction under Section 10A for the 'deemed export' of Rs. 1,23,66,641/-. The court held that the provisions of the SEZ Act, including the concept of 'deemed export,' should be considered when applying Section 10A. The court distinguished a previous decision that did not consider the SEZ Act's provisions and where the receipt was in Indian currency. The issue of telecommunication expenditure amounting to Rs. 17,09,510/- was remanded back to the CIT(A) for fresh consideration. Case-Laws Income Tax Mon, 17 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399590