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Partnership Firm Allowed Section 10AA Deduction for SEZ Unit After Ownership Change and New Approval.

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Full Text of the Document

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....Deduction u/s.10AA - SEZ unit - Business of proprietary concern was taken over by the partnership firm - fresh approval from SEZ in respect of the partnership firm - deduction is undertaking (unit) specific and the same could not be denied on the ground that undertaking has a new owner - Benefit of exemption allowed.....