https://www.taxtmi.com/caselaws?id=439162 Trading activity carried on from a Special Economic Zone, consisting of import of goods for re-export, falls within the meaning of "services" for section 10AA because the term is read in light of the Special Economic Zones Act, 2005. Section 2(z) treats services as tradable services, Rule 76 of the SEZ Rules expressly includes trading, and the Development Commissioner's clarification states that trading for Second Schedule purposes means import for re-export. On that statutory scheme, profits from such trading qualify for deduction under section 10AA. en-us Thu, 15 Jun 2023 00:00:00 +0530 Sat, 17 Jun 2023 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439162 Trading activity carried on from a Special Economic Zone, consisting of import of goods for re-export, falls within the meaning of "services" for section 10AA because the term is read in light of the Special Economic Zones Act, 2005. Section 2(z) treats services as tradable services, Rule 76 of the SEZ Rules expressly includes trading, and the Development Commissioner's clarification states that trading for Second Schedule purposes means import for re-export. On that statutory scheme, profits from such trading qualify for deduction under section 10AA. Case-Laws Income Tax Thu, 15 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439162