High Court Rules Business in Falta SEZ as New Entity; Section 10A Exemption Applies Despite Use of Old Materials.

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....Exemption u/s 10A - transfer of existing businss from ‘Non-SEZ Area’ to ‘Falta Free Trade Zone’ - splitting up or reconstruction of a business - the unit of the business of the assessee at SEZ at Falta is the new one and merely some old stocks of the raw materials were used in old business does not amount to reconstruction..... - HC....