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2017 (3) TMI 1658 - AT - Income TaxDenial of deduction u/s 10B - claim not allowable to the assessee in respect of the production of non-EOU unit - Held that:- The claim of deduction under Section 10B of the Act cannot be denied merely on the ground that the iron ore excavated from the mining area belonging to EOU got processed through its plant and machinery located outside the bonded area. Further the raw material as well as the finished product both belong to assessee and exported by the assessee therefore, there is no violation of any condition as provided under Section 10B of the Act for claim of benefit of deduction under Section 10B of the Act. Accordingly, we set aside the orders of the authorities below on this issue and allow the claim of the assessee. - Decided in favour of assessee.
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