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2012 (4) TMI 343 - AT - Income TaxDeduction u/s 10A - SEZ unit - outsourced job work activities - held that:- It is immaterial that whether the work was done by the assessee inside or the outside the SEZ, once the assessee located in SEZ, the assssee is eligible for deduction u/s 10A irrespective of the fact that the work was done inside or outside the SEZ – Decided in favor of the assessee by way of remand to AO. Regarding interest income charged under the head 'income from other sources' - deduction u/s 10A - held that:- Since the issue under consideration is identical to the case of the assessee in AY 2002-03, respectfully following that decision, we uphold the order of the CIT(A) and dismiss the ground raised by the assessee. However, we direct the AO if assessee incurred any expenses to earn the income, the same may be verified and allowed in view of the section 57(iii) of the Act. Regarding inter-unit transfer - AO noticed that the assessee had not considered inter-unit transfer as a part of total turnover – Held that: the AO has not brought any material on record to show that whether the assessee filed appeal before the Tribunal or not in AY 2002-03. Decided in favor of the assessee by way of remand to AO Regarding deduction u/s 14A of the Act - AO noticed that the assessee had total funds available including loan funds were Rs. 55.59 crores as on 31/03/2003, which included loan funds of Rs. 24.34 crores - Held that: similar issue arose before the Tribunal in assessee's case for AY 2002-03 – Decided in favor of the assessee by way of remand to AO
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