S. 11 : Property held for charitable purposes – Society registered at the instance of the Reserve Bank of India for the purpose of assisting banks and financial institutions, for the improvement of their performance is held to be charitable in nature [ S. 2(15) ,13(8)] .

S. 10B: Export oriented undertakings –Exchange fluctuation gains on export business is entitle to deduction.

S. 10B: Export oriented undertakings – Manufacture or processing — Garbling pepper to make it edible — No new product emerges — Not entitled to deduction .

S. 10A : Free trade zone – If the assessee suo motu makes the adjustment and offers higher income, S. 10A/10B deduction cannot be denied. Also, as such notional income is not “export turnover”, the condition in s. 10A/10B that foreign exchange must be brought to India does not apply [ S. 10B, 92CA]

S. 10A : Free trade zone – Communication charges to be excluded from export turnover as well as from total turnover.

S.10A: Free trade zone – Eligible for set off unabsorbed depreciation . [ S. 32 ]

S. 10A : Free trade zone – Export amount was not received with in specified time denial of exemption was held to be justified .[ S.260A ]

S. 10 (23C): Educational institutions- Any income- Addition made as cash credits would also qualify the exemption . [ S.68, 115BBC ]

S. 10 (23C):Educational institution-Application for exemption was made before wrong authority- Authority concerned should have forwarded to the correct authority instead of rejecting the said application after enquiries . [ S. 10(23C) (iv) ]

S. 10(10B) : Compensation – Workman – De facto termination of employment on payment of agreed compensation — Eligible for exemption –Quantum to be examined by the AO .