https://www.taxtmi.com/caselaws?id=469629 Section 10AA deduction was treated as available to an SEZ unit engaged in trading by way of re-export of imported rough or polished diamonds. The SEZ framework was read as having overriding effect, with the Income-tax Act applying to developers and entrepreneurs subject to SEZ modifications. Rule 76 of the SEZ Rules was taken to include trading within services, and trading for this purpose was understood as import for re-export. On that basis, re-export trading of diamonds was regarded as an authorised SEZ operation, and the disallowance of the deduction was not sustained. en-us Wed, 27 Jun 2018 00:00:00 +0530 Thu, 25 Jun 2026 12:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469629 Section 10AA deduction was treated as available to an SEZ unit engaged in trading by way of re-export of imported rough or polished diamonds. The SEZ framework was read as having overriding effect, with the Income-tax Act applying to developers and entrepreneurs subject to SEZ modifications. Rule 76 of the SEZ Rules was taken to include trading within services, and trading for this purpose was understood as import for re-export. On that basis, re-export trading of diamonds was regarded as an authorised SEZ operation, and the disallowance of the deduction was not sustained. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469629