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2017 (12) TMI 350 - AT - Income TaxSection 14A applicability on the investment made in the EOU covered by the provisions of section 10B - Held that:- Section 10A is a provision for deduction and not exemption. SEE CIT versus TEI Technologies Private Limited [2012 (9) TMI 47 - DELHI HIGH COURT] As the provisions of section 10B are pari materia with section 10A of the Act, respectfully following the above decisions of the Hon’ble Supreme Court, we hold that section 10B is a provision dealing with deduction and not exemption. Since section 14A of the Act deals with the exempted income, accordingly, the section 14A of the Act is not applicable on the investment made in the EOU covered by the provisions of section 10B of the Act. - Decided in favour of the assessee.
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