Dismissing the appeal of the revenue the Court held that the amount assessee received, on back office work and preparation of applications for patent in U.S.A. is entitle to exemption. Notification No. S.O. 890(E), dated September 26, 2000 ([2000] 245 ITR (St.) 102). (AY.2009-10, 2010-11)
CIT. v. Narendra R. Thappetta (2020) 428 ITR 485 / 275 Taxman 40/ 204 DTR 249 (Karn.)(HC)
S. 10A : Free trade zone-On back office work and preparation of applications for patent in U. S. A.-Entitle to exemption.