S. 10B : Export oriented undertakings-Data processing-Clinical trials-Cannot be considered as data processing-Not entitle to exemption.

S. 10A : Free trade zone-Profits and gains-Includes all profits and gains including incidental income of undertaking-Interest Income on fixed deposits kept with Bank as margin for issuing bank guarantee-Exchange gain on dollar sales credited to profit and loss account-Entitled to deduction. [S.10B]

S. 10A : Free trade zone-Profits and gains-Includes all profits and gains including incidental income of undertaking-Interest Income on fixed deposits kept with Bank as margin for issuing bank guarantee-Exchange gain on dollar sales credited to profit and loss account-Entitled to deduction. [S.10B]

S. 10A : Free trade zone-Interest income from short term fixed deposits-Cannot be classified profits of the business of undertaking-Not eligible for deduction-Expenditure incurred is reimbursed would be part of qualifying amount-Sale of fixed asset is included in qualifying amount-Not to be reduced for the purpose of qualifying amount-Sale of scrap-Expenses booked-Part of qualifying amount-Provision for leave encashment-Suo moto adjustment-Adjustment in profit is allowable-Amount of foreign exchange should be reduced from export turn over or total turnover. [S. 10AA]

S. 10(10D) : Life insurance policy-Keyman insurance policy-Amended Explanation 1-Not eligible to claim exemption-No valid notice was issued-Order was quashed. [S. 143(2), 143(3)]

S. 10(10C) : Public sector companies-Voluntary retirement scheme-Exist option scheme-Failure to produce certificate from the employer-Not entitle to exemption. [R. 2BA]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Distributors-Sold specific software products-Not royalty-No permanent establishment in India-Not taxable in India-DTAA-India-USA [S. 90, Art. 12]

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Purchase of software products In absence of PE in India, software license fee would not be taxable as business profits-DTAA-India-USA [S. 9(1)(i), 9(1)(vii), Art. 12]

S. 9(1)(vii) : Income deemed to accrue or arise in India-Fees for technical services-Reimbursement of expenses-Not taxable as fees for technical services-DTAA-India-USA. [Art. 12]

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Non-Resident-Receipts from sale of computer software to Indian distributors and end users with ancillary services not taxable in India.