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2017 (8) TMI 359 - AT - Income TaxEligibility to exemption u/s 10B - whether duty draw back / export incentive is eligible for deduction / exemption - Held that:- section 10B(4) of the Act is a complete code which provides a formula/mechanism for computing the profits of the business eligible for deduction u/s 10B of the Act - assessee is eligible for the claim of deduction on the export incentive received by it as per provision of section 10B (I) r.w.s. 10B(4) of the Act. - Decision of the Tribunal in the case of ITO vs. Smt. Shashi Sadh [2015 (1) TMI 512 - ITAT DELHI], wherein, the Tribunal, after considering the decision of ITAT Special Bench, Indore, in the case of Maral Overseas Ltd. vs. ACIT [2012 (4) TMI 345 - ITAT INDORE] - Decided in favor of assessee.
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