Special provisions in respect of newly established 100% export-oriented undertakings - Section 10B

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..... s section not available from the assessment year 2012-13. The benefit in respect of newly established 100% Export Oriented Units is available to all assessees on Export of Certain Articles or things or software for a period of 10 consecutive AYs beginning with the AY relevant to the previous year in which the undertaking begins to manufacture or produce articles or things or computer software Subj .....

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..... the assessment year relevant to previous year in which it begun to manufacture. No deduction for AY 2012-13 or thereafter. Points to be noted: No loss referred to in sub-section (1) of Section 72 or sub section (1) or sub-section (3) of Section 74 , in so far as such loss relates to the business of the undertaking, shall be carried forward or set-off where such loss relates to any of the relevant .....

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..... ating to amalgamation or demerger: The benefit under this section is not available to the amalgamating or the demerged company for the previous year in which the amalgamation or the demerger takes place; and it is available to the amalgamated or the resulting company as it would have been available to the amalgamating or the demerged company if the amalgamation or demerger had not taken place. - .....

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